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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 6.9986 marks.
- It made intraday high at 7.0081 and low at 6.9904 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 7.0303 mark.
- A sustained close above 7.0081 marks will test key resistances at 7.0303, 7.0540, 7.0920, 7.1152, 7.1476 and 7.1548 marks respectively.
- Alternatively, a daily close below 7.0081 will drag the parity down towards key supports at 6.97, 6.9525, 6.9297 and 6.88 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position on USD/CNY around 7.00, stop loss at 7.0303 and target of 6.97/6.9525.
