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FxWirePro- Major Pair levels and bias summary 
- USD/CNY is currently trading around 6.8961 marks.
- It made intraday high at 6.8973 and low at 6.8899 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.8899 marks.
- A sustained close above 6.8899 marks will test key resistances at 6.9037, 6.9146, 6.9204, 6.9336, 6.9496, 6.9615, 6.9778 and 6.9883 marks respectively.
- Alternatively, a daily close below 6.8899 will drag the parity down towards key supports at 6.8749, 6.8683, 6.8550, 6.8465, 6.8333, 6.8298, 6.8090 and 6.7769 marks respectively.
- China’s April caixin manufacturing PMI final decrease to 50.3(forecast 51.2) vs previous 51.2.
- China’s caixin PMI suggests total new orders, output growth also slowest in seven months.
We prefer to take long position in USD/CNY around 6.8948, stop loss at 6.8899 and target of 6.8993/6.9107.
