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FxWirePro -Major European Indices 
FxWirePro- Woodies Pivot(Major) 
- USD/CNY is currently trading around 6.7093 marks.
- It made intraday high at 6.7148 and low at 6.6959 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.6700 mark.
- A sustained close above 6.7017 marks will test key resistances at 6.7167, 6.7310, 6.7444 and 6.7676 marks respectively.
- Alternatively, a daily close below 6.7017 will drag the parity down towards key supports at 6.6715, 6.6518, 6.6340, 6.6170, 6.5989, 6.5758, 6.5500, 6.5340 and 6.5008 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- PBOC sets yuan mid-point at 6.6914 / dlr vs last close 6.7035.
We prefer to take long position on USD/CNY around 6.7050, stop loss 6.6700 and target of 6.7444.
