USD/CNY opened at 6.8159 vs Friday’s close of 6.8140. The PBOC announced a weaker fix earlier today. The USD/CNY opened at 6.8159 and rose to an 11-month high of 6.8348 in early trade. At press time, the currency pair is trading at 6.8355 – up 0430 percent on the day. The People’s Bank of China (PBOC) set the Yuan reference rate at 6.8131 vs Friday’s fix of 6.7942, opening doors for another round of selling in the Chinese currency. That said, the sustainability of gains is under question, courtesy of overbought conditions shown by the relative strength index. USD/CNY Technical Levels Resistance: 6.8369 (Friday’s high), 6.8440 (June 27, 2017 high). Support: 6.8154 (session low), 6.7978 (Friday’s low). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/JPY Technical Analysis: Guppy looking to push off from 145.25 FX Street 5 years USD/CNY opened at 6.8159 vs Friday's close of 6.8140. The PBOC announced a weaker fix earlier today. The USD/CNY opened at 6.8159 and rose to an 11-month high of 6.8348 in early trade. At press time, the currency pair is trading at 6.8355 - up 0430 percent on the day. The People's Bank of China (PBOC) set the Yuan reference rate at 6.8131 vs Friday's fix of 6.7942, opening doors for another round of selling in the Chinese currency. That said, the sustainability of gains is under question, courtesy of overbought conditions shown by the relative strength index. USD/CNY Technical… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
