FxWirePro: USD/CNY touches 7.090 mark in early Asia, stay long

• USD/CNY is currently trading around 7.0893 marks.
   
• It made intraday high at 7.0907 and low at 7.0658 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 7.0600 mark.
   
• A sustained close above 7.0658 marks will test key resistances at 7.0960, 7.1152, 7.1548, 7.1877, 7.2095, 7.3645 and 7.58 marks respectively.
   
• Alternatively, a daily close below 7.0658 will drag the parity down towards key supports at 7.0497, 7.0108, 6.97, 6.9297 and 6.88 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to take long position on USD/CNY around 7.0850, stop loss 7.06 and target of 7.1548.