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FxWirePro: USD/CNY gains some ground but bearish outlook persists 
- USD/CNY is currently trading around 7.0956 marks.
- It made intraday high at 7.0995 and low at 7.0813 levels.
- Intraday bias remains bullish till the time pair holds key support at 7.0632 mark.
- A sustained close above 7.0814 marks will test key resistances at 7.1152, 7.1476, 7.1548, 7.1877, 7.2095, 7.3645 and 7.58 marks respectively.
- Alternatively, a daily close below 7.0814 will drag the parity down towards key supports at 7.0632, 7.0474, 7.0108, 6.97, 6.9297 and 6.88 marks respectively.
- 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 on USD/CNY around 7.0920, stop loss at 7.08 and target 7.1152.
