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FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major Pair levels and bias summary 
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- USD/CNY is currently trading around 6.8871 marks.
- It made intraday high at 6.8892 and low at 6.8701 levels.
- Intraday bias remains bullish till the time pair holds key support at 6.8701 marks.
- A sustained close above 6.8760 marks will test key resistances at 6.8915, 6.9010, 6.9080, 6.9146, 6.9204, 6.9336, 6.9496, 6.9615, 6.9778 and 6.9883 marks respectively.
- Alternatively, a daily close below 6.8760 will drag the parity down towards key supports at 6.8701, 6.8683, 6.8550, 6.8465, 6.8333, 6.8298, 6.8090 and 6.7769 marks respectively.
- PBOC sets yuan mid-point at 6.8612/ dlr vs last close 6.8847.
- China April house prices y/y decrease to 10.7 % vs previous 11.3 %.
We prefer to take long position in USD/CNY around 6.8828, stop loss 6.8701 and target of 6.9048.
