• USD/CNY rose on Friday as Yuan weakened amid concerns over China’s economic struggles and a widening bond yield differential to the US.
• The yuan breached the psychological milestone of 7.3 per dollar for the first time since late 2023, reflecting investor apprehension about China's economic health and the prospect of U.S. import tariffs under the incoming Trump administration.
•Additionally, the yield gap between Chinese and U.S. bonds has widened, with China's long-term bond yields near record lows, prompting investors to seek higher returns in dollar-denominated assets
• At GMT 15:46,the dollar was up 0.28% at 7.319 against Chinese Yuan .
• Immediate resistance is located at 7.321(23.6%fib), any close above will push the pair towards 7.329(Higher BB)
• Support is seen at 7.297(Daily low) and break below could take the pair towards 7.290(38.2%fib).
Recommendation: Good to buy around 7.310 with stop loss of 7.250 and target price of 7.350


FxWirePro: AUD/USD slips amid wavering risk sentiment
FxWirePro: USD/JPY edges up as yen dips after soft household spending data
FxWirePro: USD/CNY drifts lower, vulnerable to more downside
FxWirePro: AUD/USD recovers slightly from early decline but bears are not done yet
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
FxWirePro: EUR/AUD eases as market awaits Iran deadline
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
GBPJPY Surges to 211.88: Sterling Bulls Target 215 Amid Broad-Based Buying
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play
FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
Ethereum Joins the Rally: ETH Reclaims USD 2,100 Following Bitcoin's Lead
Bitcoin Resilience: BTC Reclaims USD 69,000 as Geopolitical Tensions Ease 



