• Pair is supported above 6.4900 levels.
   
• Key support falls at 6.4910 levels and daily close below will take the parity towards key support are at 6.4736 marks.
   
• On the other side, reversal from 6.49 levels will turn the bias bullish again and take the parity around key resistance at 6.5134/6.56 levels thereafter.
   
• Over the weekend, china released number of economic data.
   
• China’s industrial output of all industries rose 5.4​% in the January-February period from a year earlier, slowing down from 5.9% growth seen in December.
   
• In addition, China’s retail sales rose less than expected by 10.2% in the January-February period.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.