• USD/CNY edged lower on Tuesday as yuan firmed as investors turned their attention to a key policy meeting for clues on the currency's outlook.
• Meeting of the Communist Party's Politburo, the country's top decision-making body, expected around the end of July.
•Policymakers are expected to set the economic policy agenda for the second half of the year, which could affect the yuan's outlook.
• Prior to the market opening, the People's Bank of China (PBOC) set the midpoint rate at 6.7917 per dollar, 31 pips firmer than the previous setting of 6.7948.
• Immediate resistance is located at 6.788(SMA 20), any close above will push the pair towards 6.796(38.2%fib)
• Support is seen at 6.753(23.6%fib) and break below could take the pair towards 6.746 (Lower BB).
Recommendation: Good to sell around 6.770, with stop loss of 6.830 and target price of 6.740
