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- Yuan hits strongest level in 2016.
- It made intraday high at 6.5710 and low at 6.4904 levels.
- A daily close above 6.6042 levels will drag the parity around 6.6755 marks.
- Alternatively, downfall from 6.6042 levels will bring the 6.3552 levels.
- Initial support levels are seen at 6.4732, 6.4553 and 6.3883 levels.
- On the other side, resistance levels are seen at 6.6338, 6.67556 and 6.8007 levels.
We prefer to take short position in USD/CNY around 6.54, stop loss 6.56 and target 6.47 levels.
