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• USD/CNY steadied around 7.277 on Thursday as investors awaited clearer details on Trump’s tariff plans.
• Trump said on Tuesday that his administration was considering a 10% tariff on Chinese imports, citing concerns over fentanyl being shipped from China to the U.S. through Mexico and Canada.
•Meanwhile ,China unveiled a plan to direct billions of yuan from state-owned insurers into stocks annually, aiming to boost sagging markets.
• At GMT 06.27,the dollar was up 0.08% at 7.277 against Chinese Yuan .
• Immediate resistance is located at 7.291(38.2%fib), any close above will push the pair towards 7.331(23.6%fib).
• Support is seen at 7.263(50%fib) and break below could take the pair towards 7.234(61.8%fib).
Recommendation: Good to buy around 7.270 with stop loss of 7.200 and target price of 7.310
