Forex - China Flows: Both USD/CNY and USD/CNH remains northwards of 6.7000, in a bid to test resistance levels


 02:33 (GMT) 16 Apr

  [Forex Flows]

Sample Premium Content
China Flows: Both USD/CNY and USD/CNH remains northwards of 6.7000, in a bid to test resistance levels (0101-KKRB-C01)

USD/CNH is last seen with an attempt to breakaway from the current range of 6.7050-6.7319. China's March new home prices rose 0.61% m/m, a strong performance. This also raises concerns on sustainability. Meanwhile, China's holdings of UST rose a third consecutive month. Pair last in a bid tone up to 6.7136. We view that the 6.7000 big figure is reachable if pair can cross the 5 April low of 6.7023.

PBoC fixed mid-point at 6.7097 vs. previous close of 6.7085. USD/CNY last seen creeping up to 6.7123 last. 1Y NDFs last seen slightly up to 6.7511. 6.7000 remains a big psychological support for USD/CNY.


CurrenciesCountriesMarket Bulletins

Latest Currency Analysis

Available to subscribers only
Order Now