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- Pair is currently supported above 6.50 marks and trading around 6.5042 levels.
- It made intraday high at 6.5055 and low at 6.4950 levels.
- Intraday bias remains bullish for the moment.
- A daily close below 6.4910 will drag the parity down towards key supports at 6.4736/6.4531 levels.
- On the other side, a sustained close above 6.5182 will test key resistances at 6.5525 and 6.5708 levels.
We prefer to take long position in USD/CNY around 6.50, stop loss 6.4910 and target 6.5184/ 6.5525 levels.
