• USD/CNY is currently trading around 6.7248 marks.
   
• It made intraday high at 6.7289 and low at 6.7180 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 6.7030 marks. 
   
• On the top side, a sustained close above 6.72 mark will test key resistances at 6.7583 and 6.8158 marks respectively.
   
• Alternatively, a daily close below 6.7030 will drag the parity down towards key supports at 6.6820, 6.6605, 6.6560, 6.6425, 6.6281, 6.6110, 6.6042, 6.5930, 6.5710, 6.5510 (20D EMA), 6.5369, 6.5758, 6.4910, 6.4721 and 6.4531 levels.
   
• PBOC sets Yuan mid-point at 6.7296/ dollar vs last close 6.7200.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to take long position in USD/CNY around 6.72, stop loss 6.7030 and target 6.7583.