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FxWirePro- Woodies pivot (Major) 
- USD/CNY is currently trading around 6.7150 marks.
- It made intraday high at 6.7264 and low at 6.7109 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 6.7298 mark.
- A sustained close above 6.7214 marks will test key resistances at 6.7298, 6.7422, 6.7510, 6.7778 and 6.8072 marks respectively.
- Alternatively, a daily close below 6.7214 will drag the parity down towards key supports at 6.7141, 6.6963, 6.6849, 6.6650, 6.6540 and 6.62 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- PBOC sets yuan mid-point at 6.7128 / dlr vs last close 6.7279.
We prefer to take short position on USD/CNY around 6.7180, stop loss at 6.7300 and target of 6.6963.
