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DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE

* PBOC sets USD/CNY reference rate at 6.9793 vs. 6.9681 previous

* AUD/USD bulls take a breather around 0.6750 amid doubts on China Covid conditions

* GBP/USD drops to near 1.2000 as risk-off soars amid a festive week

CHART OF THE DAY

OUTLOOK:

GBPINR: GBPINR is consolidating in small range in recent days , further move can be seen after the range breakout , however 100.0 is immediate support level and on the upside 100.70 act as a resistance, where move above 100.70 it can lead some upside momentum towards 100.90 while if it slips below 100.0 it may head towards 99.60-99.80 zone.

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