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FxWirePro- Major Pair levels and bias summary 
- USD/CNY is currently trading around 7.0666 marks.
- It made intraday high at 7.0720 and low at 7.0634 levels.
- Intraday bias remains neutral till the time pair holds key support at 7.0674 mark.
- A sustained close above 7.0674 marks will test key resistances at 7.0879, 7.1152, 7.1476, 7.1548, 7.1877, 7.2095, 7.3645 and 7.58 marks respectively.
- Alternatively, a daily close below 7.0674 will drag the parity down towards key supports at 7.0497, 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.
- China CPI y/y stands at 3.0 pct vs 2.8 pct previous release.
- China PPI y/y stands at -1.2 pct vs -0.8 pct previous release.
We prefer to take short position on USD/CNY only below 7.0634, stop loss at 7.08 and target 7.0108.
