FxWirePro: USD/CNY back above 6.64 mark, PBOC sets yuan mid-point at 6.6180

• USD/CNY is currently trading around 6.6441 marks.
   
• It made intraday high at 6.6447 and low at 6.6278 levels.
   
• Intraday bias remains bullish till the time pair holds immediate support at 6.6000 mark.
   
• A sustained close above 6.6289 marks will test key resistances at 6.6660, 6.6855, 6.7167, 6.7310, 6.7444 and 6.7676 marks respectively.
   
• Alternatively, a daily close below 6.6289 will drag the parity down towards key supports at 6.5991, 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 6.6180 / dlr vs last close 6.6330.

We prefer to take long position on USD/CNY around 6.6300, stop loss 6.6000 and target of 6.6660/6.6855.