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NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target 
- USD/CNY is currently trading around 6.9026 marks.
- It made intraday high at 6.9074 and low at 6.8993 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.9210 marks.
- A sustained close above 6.9297 marks will test key resistances at 6.94, 6.9548 and 6.9750 marks respectively.
- Alternatively, a daily close below 6.9000 will drag the parity down towards key supports at 6.8975, 6.8628, 6.8525, 6.8210, 6.80 and 6.7813 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 6.8893/ dlr vs last close 6.9200.
We prefer to take short position on USD/CNY around 6.9050, stop loss 6.9210 and target of 6.8628/6.8525.
