Published at 01:40 (GMT) 29 May
29 May USD/CNH Daily
02::07 GMT - The move to 6.2004 low last session is helping to retain downside pressure and intraday trade should continue to attract the short side with slippage below 6.1992 support to expose further setback towards stronger support at 6.1934. [W.T]
R5: 6.2246 * 27 Apr high
R4: 6.2198 28 Apr high
R3: 6.2166 * 11 May high
R2: 6.2108 * 13/19 May highs
R1: 6.2069 28 May high
S1: 6.1992 25 May low
S2: 6.1934 * 22 May low
S3: 6.1883 27 Apr low
S4: 6.1863 * 17 Apr low
S5: 6.1842 * 61.8% of 6.1113-6.3020 up-leg
Recommended Content
Editors’ Picks
USD/JPY pops and drops on BoJ's expected hold
USD/JPY reverses a knee-jerk spike to 142.80 and returns to the red below 142.50 after the Bank of Japan announced on Friday that it maintained the short-term rate target in the range of 0.15%-0.25%, as widely expected. Governor Ueda's press conference is next in focus.
AUD/USD bears attack 0.6800 amid PBOC's status-quo, cautious mood
AUD/USD attacks 0.6800 in Friday's Asian trading, extending its gradual retreat after the PBOC unexpectedly left mortgage lending rates unchanged in September. A cautious market mood also adds to the weight on the Aussie. Fedspeak eyed.
Gold consolidates near record high, bullish potential seems intact
Gold price regained positive traction on Thursday and rallied back closer to the all-time peak touched the previous day in reaction to the Federal Reserve's decision to start the policy easing cycle with an oversized rate cut.
Ethereum rallies over 6% following decision to split Pectra upgrade into two phases
In its Consensus Layer Call on Thursday, Ethereum developers decided to split the upcoming Pectra upgrade into two batches. The decision follows concerns about potential risks in shipping the previously approved series of Ethereum improvement proposals.
Bank of Japan set to keep rates on hold after July’s hike shocked markets
The Bank of Japan is expected to keep its short-term interest rate target between 0.15% and 0.25% on Friday, following the conclusion of its two-day monetary policy review. The decision is set to be announced during the early Asian session.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.