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• USD/CNY edged lower on Monday as traders assessed fresh economic data and monitored ongoing Sino-U.S. trade talks.
• Data showed on Monday that China's factory output growth quickened in January and February, while retail sales rebounded in a steady start to the year.
•Industrial output rose 6.3% from the same period in the previous year, National Bureau of Statistics (NBS) data showed on Monday, up from the 5.2% growth clocked in December.
•Meanwhile, top U.S. and Chinese officials are in trade talks in Paris ahead of an expected meeting in Beijing between U.S. President Donald Trump and Chinese President Xi Jinping.
• Immediate resistance is located at 6.909(38.2%fib), any close above will push the pair towards 6.926(Higher BB)
• Support is seen at 6.888(SMA 20) and break below could take the pair towards 6.848(Lower BB).
Recommendation: Good to sell around 6.895, with stop loss of 6.930 and target price of 6.850
