- Pair is currently trading around 6.5164 levels.
- It made intraday high at 6.5374 and 6.5179 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.56 marks.
- Key support levels are seen at 6.4910 levels.
- A daily close below key support will drag the parity towards 6.3952 levels.
- In addition, if 20D EMA breaks 30D and 55D EMA then bias remains bearish for the long term duration.
Trading call: Sell USD/CNY around 6.52, stop loss 6.56 and target 6.49 levels.
