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FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage 
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- USD/CNY is currently trading around 6.7110 marks.
- It made intraday high at 6.7141 and low at 6.7083 levels.
- Intraday bias remains slightly bullish for the moment.
- A sustained close above 6.7120 marks will test key resistances at 6.7222, 6.7380, 6.7422, 6.7510, 6.7778 and 6.8072 marks respectively.
- Alternatively, a daily close below 6.7080 will drag the parity down towards key supports at 6.6853, 6.6650, 6.6540 and 6.6234 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- PBOC sets yuan mid-point at 6.7082 / dlr vs last close 6.7122.
We prefer to take long position on USD/CNY only above 6.7222, stop loss at 6.7000 and target of 6.7380/6.7422.
