• USD/CNY eased modestly on Friday as China's yuan rose after stronger-than-expected July export data..• July domestic exports climbed 23.9% from a year earlier in U.S. dollar value, slowing from the 27% growth recorded in June while beating the 22.2% increase expected by economists surveyed by Reuters..• Alongside developments in the domestic economy, market participants are closely watching U.S. employment data due later today for insights into the Fed's policy outlook..• Prior to the market opening, the People's Bank of China set the midpoint rate at 6.7904 per dollar, 356 pips weaker than a Reuters' estimate• China's yuan has gained 0.6% versus the dollar in August and has climbed 3.7% this year, driven by a strong export performance and a softer greenback. • Immediate resistance is located at 6.762(SMA20), any close above will push the pair towards 6.766(38.2%fib)• Support is seen at 6.745(23.6%fib) and break below could take the pair towards 6.738 (Lower BB). Recommendation: Good to sell around 6.750, with stop loss of 6.800 and target price of 6.720