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FxWirePro- Major Pair levels and bias summary 
- USD/CNY is currently trading around 7.0648 marks.
- It made intraday high at 7.0669 and low at 7.0642 levels.
- Intraday bias remains neutral till the time pair moves in stiff boundaries from 7.0620 to 7.0920 mark.
- A sustained close above 7.0920 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 7.0620 will drag the parity down towards key supports at 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. Current downside movement is short term trend correction only.
Positioning is inconclusive at this point. We remain sideways for the time being.
