• 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


FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro- Major Crypto levels and bias summary
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro- Woodies pivot (Major)
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/JPY edges higher but bulls lack punch
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: USD/ZAR sell bias remains below key resistance zone
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: EUR/AUD downward momentum remains in place 



