FxWirePro- Woodies pivot (Major) 
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- USD/CNY is currently trading around 6.7080 marks.
- It made intraday high at 6.7111 and low at 6.7040 levels.
- Intraday bias remains neutral for the moment.
- A sustained close above 6.7214 marks will test key resistances at 6.7298, 6.7422, 6.7510, 6.7778 and 6.8072 marks respectively.
- Alternatively, a daily close below 6.7050 will drag the parity down towards key supports at 6.6963, 6.6849, 6.6650, 6.6540 and 6.62 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- PBOC sets yuan mid-point at 6.7114 / dlr vs last close 6.7098.
We prefer to take short position on USD/CNY only below 6.7030, stop loss at 6.7250 and target of 6.6849.
