![USD/CNY Hovers Around Key Resistance at 6.5195, Intraday Bias Remains Neutral USD/CNY Hovers Around Key Resistance at 6.5195, Intraday Bias Remains Neutral](https://c.mql5.com/6/722/splash-664888.png)
USD/CNY Hovers Around Key Resistance at 6.5195, Intraday Bias Remains Neutral
28 March 2016, 12:31
![Roberto Jacobs Roberto Jacobs](https://c.mql5.com/avatar/2015/6/55706E50-4CAE.jpg)
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USD/CNY Hovers Around Key Resistance at 6.5195, Intraday Bias Remains Neutral
- USD/CNY is currently trading around 6.5162 levels.
- It made intraday high at 6.5208 and low at 6.5148 levels.
- Intraday bias remains neutral for the moment.
- A sustained break above 6.5195 will tests another resistance around 6.5374/6.5580 levels.
- Alternatively, reversal from key resistance will drag the parity down around 6.4910/ 6.4682 marks.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
The material has been provided by InstaForex Company - www.instaforex.com