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- USDCNY is currently trading around 6.4953 levels.
- It made intraday high at 6.4955 and low at 6.4880 levels.
- Intraday bias remains bullish for the moment.
- A sustained break below 6.4910 will tests another support around 6.4525/6.4351 levels.
- Alternatively, reversal from key support 6.4682 will drag the parity back above 6.5128/ 6.5508 marks.
We prefer to take long position in USD/CNY only above 6.4910, stop loss 6.4682 and target 6.5128/ 6.5354 levels.
