- Pair is currently trading at 6.5121 levels.
- It made intraday high at 6.5121 and 6.5044 levels.
- Intraday bias remains bullish for the moment.
- A daily close below 6.5040 will take the parity towards key support at 6.4910/ 6.4737 marks.
- Alternatively, reversal will take the parity around 6.55/ 6.5758 levels thereafter.
- Looking ahead, traders now focus on the China's CPI figure due tomorrow and likely to remain steady at 1.8%.
Trading call: Go long on USD/CNY around 6.51, stop loss 6.4910 and target 6.5758 levels.