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FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path 
- USD/CNY is currently trading around 6.8690 marks.
- It made intraday high at 6.8750 and low at 6.8671 levels.
- Intraday bias remains neutral for the moment.
- A sustained close above 6.8672 marks will test key resistances at 6.8792, 6.8810, 6.8938, 6.9050 and 6.9248 marks respectively.
- Alternatively, a daily close below 6.8672 will drag the parity down towards key supports at 6.8420, 6.8215, 6.7980, 6.7864, 6.7624, 6.7510 and 6.7160 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 6.8509 / dlr vs last close 6.8680.
We prefer to take long position on USD/CNY only above 6.8792, stop loss at 6.8420 and target of 6.9050.
