• USD/CNY edged lower slightly on Wednesday as Yuan was lifted by firmer-than-expected official midpoint guidance.
•The People's Bank of China (PBOC) set the yuan's midpoint rate at 7.1991 per dollar, within a 2% trading band.
• The yuan has declined since Donald Trump's re-election as president last week. As part of his plan to revive American manufacturing, Trump has proposed imposing tariffs of 60% or higher on Chinese goods.
• At GMT 05:28,the dollar was down 0.10% at 7.223 against Chinese Yuan .
• Immediate resistance is located at 7.214(23.6%fib), any close above will push the pair towards 7.259 (Higher BB)
• Support is seen at 7.216(Daily low) and break below could take the pair towards 7.198(38.2%fib).
Recommendation: Good to buy around 7.220 with stop loss of 7.150 and target price of 7.280


Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows
FxWirePro: USD/CNY falls to three-year high, scope for further downside
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro- Woodies Pivot(Major)
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD reverses course, bias back to downside
FxWirePro: EUR/AUD eases as market awaits Iran deadline
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
FxWirePro: AUD/USD slips amid wavering risk sentiment
FxWirePro- Major Pair levels and bias summary
GBPJPY Surges to 211.88: Sterling Bulls Target 215 Amid Broad-Based Buying
FxWirePro: EUR/ NZD consolidating around 2.0200, room for further gains
FxWirePro: USD/CNY drifts lower, vulnerable to more downside
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
Aussie Ascent: AUDJPY Charges Toward 112 as Bullish Momentum Hits Five-Day High
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel 



