Published at 05:17 (GMT) 27 Feb
27 Feb USD/CNY 1-Yr NDF Daily
05::17 GMT - Sharp intraday rally with prices surging above 6.3980/3993hurdles easily setting bulls on firm footing and poised for extension to next resistances at 6.4105/25. Setback from expected to be shallow and attract fresh buyers. [W.T]
R5: 6.4251 13 Sep 2012 high
R4: 6.4235 * 26 Sep 2012 high
R3: 6.4202 28 Sep 2012 high
R2: 6.4125 1 Oct 2012 high
R1: 6.4105 4 Oct 2012 high
S1: 6.4025 intraday level
S2: 6.3980 17/18 Feb highs
S3: 6.3865 intraday level
S4: 6.3800 9/11 Feb highs , 26 Feb low
S5: 6.3660 16 Feb low
Recommended Content
Editors’ Picks
EUR/USD holds gains above 1.0700, as key US data loom
EUR/USD holds gains above 1.0700 in the European session on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data.
GBP/USD extends recovery above 1.2500, awaits US GDP data
GBP/USD is catching a fresh bid wave, rising above 1.2500 in European trading on Thursday. The US Dollar resumes its corrective downside, as traders resort to repositioning ahead of the high-impact US advance GDP data for the first quarter.
Gold price edges higher amid weaker USD and softer risk tone, focus remains on US GDP
Gold price (XAU/USD) attracts some dip-buying in the vicinity of the $2,300 mark on Thursday and for now, seems to have snapped a three-day losing streak, though the upside potential seems limited.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.
US Q1 GDP Preview: Economic growth set to remain firm in, albeit easing from Q4
The United States Gross Domestic Product (GDP) is seen expanding at an annualized rate of 2.5% in Q1. The current resilience of the US economy bolsters the case for a soft landing.