- USDCNY is currently trading at 6.4845 levels.
- It made intraday high at 6.4845 and low at 6.4682 levels.
- Intraday bias remains bullish for the moment.
- A sustained break below 6.4590 will tests another support around 6.4525/6.4351 levels.
- Alternatively, reversal from key support will drag the parity back above 6.4910/ 6.5128 marks.
We prefer to take long position in USD/CNY around 6.48, stop loss 6.4628 and target 6.4910 levels.
