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FxWirePro: GBP/AUD bears maintain upper hand 
- USD/CNY is currently trading around 7.0534 marks.
- It made intraday high at 7.0565 and low at 7.0498 levels.
- Intraday bias remains neutral till the time pair holds key support at 7.0368 mark.
- A sustained close above 7.0608 marks will test key resistances at 7.07, 7.0920, 7.1030 and 7.1477 marks respectively.
- Alternatively, a daily close below 7.0480 will drag the parity down towards key supports at 7.0180, 7.0074, 6.9765, 6.9525, 6.9297 and 6.88 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position on USD/CNY only below 7.0480, stop loss at 7.06 and target of 7.0368/7.0168.
