empty
 
 

2017.03.2403:11:00UTC+00Fxwirepro: Usd/cny Back Above 6.89 Mark, Pboc sets Yuan Mid-Point at 6.8845

  • USD/CNY is currently trading around 6.8931 marks.
     
  • It made intraday high at 6.8963 and low at 6.8842 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 6.8777 mark.
     
  • A sustained close above 6.8842 marks will test key resistances at 6.8980, 6.9073, 6.9146, 6.9204, 6.9336, 6.9496, 6.9615, 6.9778 and 6.9883 marks respectively.
     
  • Alternatively, a daily close below 6.8842 will drag the parity down towards key supports at 6.8777, 6.8621, 6.8550, 6.8465, 6.8333, 6.8298, 6.8090 and 6.7769 marks respectively.
     
  • PBOC sets Yuan mid-point at 6.8845/dollar vs last close 6.8860.

We prefer to take long position in USD/CNY around 6.89, stop loss 6.8777 and target of 6.9073.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback