• USD/CNY steadied around 7.240 level on Tuesday as concerns over potential US tariffs continue to cloud Chinese currency.
• The yuan has weakened amid fears that Donald Trump's return to the White House could lead to higher tariffs and strained U.S.-China trade relations.
• Bearish bets on the Chinese yuan hit their highest level since late June, as experts anticipate that U.S.-China trade could be disrupted by broader U.S. tariffs.
• At GMT 08:08,the dollar was up 0.06% at 7.240 against Chinese Yuan .
• Immediate resistance is located at 7.246(23.6%fib), any close above will push the pair towards 7.263 (Higher BB)
• Support is seen at 7.229(Daily low) and break below could take the pair towards 7.210 (38.2%fib).
Recommendation: Good to buy around 7.250 with stop loss of 7.180 and target price of 7.280


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro- Major Pair levels and bias summary
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar 



