• USD/CNY is currently trading around 6.9175 marks.
   
• It made intraday high at 6.9188 and low at 6.9100 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 6.8983 mark.
   
• A sustained close above 6.9112 marks will test key resistances at 6.9336, 6.9496, 6.9615, 6.9778 and 6.9883 marks respectively.
   
• Alternatively, a daily close below 6.9112 will drag the parity down towards key supports at 6.8983, 6.8621, 6.8550, 6.8465, 6.8333, 6.8298, 6.8090 and 6.7769 marks respectively.
   
• PBOC sets Yuan mid-point at 6.9125/dollar vs last close 6.9135.
   
• China’s February PPI y/y increase to 7.8 % (forecast 7.7 %) vs previous 6.9 %.
   
• China’s February CPI y/y decrease to 0.8 % (forecast 1.7 %) vs previous 2.5 %.
   
• China’s February m/m decrease to -0.2 % (forecast 0.6 %) vs previous 1.0 %.
   
• China’s PPI increases at fastest y/y pace since September 2008 in February.
   
• China’s CPI increases at slowest y/y pace since January 2015 in February.
  
  We prefer to take long position in USD/CNY around 6.9150, with stop loss at 6.8983 and target of 6.9336/6.9365.