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FxWirePro- Major Pair levels and bias summary 
- USD/CNY is currently trading around 6.5046 marks.
- It made intraday high at 6.5051 and low at 6.4712 levels.
- Intraday bias remains bullish for the moment.
- A sustained close above 6.4712 marks will test key resistances at 6.5345, 6.5580, 6.5858 and 6.6042 marks respectively.
- Alternatively, a daily close below 6.4712 will drag the parity down towards key supports at 6.4639, 6.4378, 6.4125 and 6.4017 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- PBOC sets yuan mid-point at 6.4706 / dlr vs last close 6.4750.
We prefer to take long position on USD/CNY around 6.4950, stop loss 6.4712 and target of 6.5580.
