MNI China Daily Summary: Tuesday, April 2

MNI BRIEF: China to Incentivise Equipment Upgrades, Trade-Ins

MNI: PBOC Drains Net CNY148 Bln Via OMO Tues; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0957 Tues; -4.95% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.0957 TUES VS 7.0938

EZ/UK Bond Supply Calendar: Belgian 30Y USD and Bund Auction Weds

MNI: US BLS: JOLTS QUITS RATE 2.2% IN FEB

MNI: US BLS: JOLTS OPENINGS RATE 8.756M IN FEB

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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Cnh6.6053-6346 Support Key *RES....>

DOLLAR-CNH TECHS
DOLLAR-CNH TECHS: Cnh6.6053-6346 Support Key
*RES 4: Cnh6.7154 - Low Aug 1 now resistance 
*RES 3: Cnh6.6962 - 100-WMA 
*RES 2: Cnh6.6886 - High Aug 17 
*RES 1: Cnh6.6785 - High Sept 28
*PRICE: Cnh6.6723 @ 2300GMT
*SUP 1: Cnh6.6346 - Low Sept 29
*SUP 2: Cnh6.6227 - Low Sept 27
*SUP 3: Cnh6.6053 - Low Sept 26 
*SUP 4: Cnh6.5860 - High Sept 22 now support
*COMMENTARY: The recovery from 2017 lows resulted in spikes above the 55-DMA
(Cnh6.6476) with the pair gaining traction above Monday. Daily studies looking
to correct from O/B and the Bollinger top limiting follow through increase the
risk of a correction lower. Bears now need a close below Cnh6.6346 to confirm a
break of the 55-DMA and below Cnh6.6053 to shift focus back to Cnh6.5573-5860
where the 21-DMA is located.

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