• USD/CNY firmed on Thursday as yuan slid after U.S. President Donald Trump gave no clear timeline for ending the Middle East war in a prime-time speech
• U.S. President Donald Trump said in a televised address that the U.S. military has nearly completed the objectives it set out in its war with Iran and suggested the conflict could soon be winding down.
• Trump vowed to keep hitting Iran "extremely hard over the next two to three weeks," unnerving markets.
• The dollar advanced on safe-haven buying following Trump's speech and pressured other major currencies, including the yuan.
•Despite the geopolitical turmoil, the yuan remains one of the best performing emerging market currencies since the Middle East war erupted in late February
• Immediate resistance is located at 6.6887(38.2%fib), any close above will push the pair towards 6.890(SMA 20)
• Support is seen at 6.864(Lower BB) and break below could take the pair towards 6.837(23.6%fib).
Recommendation: Good to sell around 6.900, with stop loss of 6.930 and target price of 6.860
