• USD/CNY surged to a nineteen month high on Wednesday as China's yuan dipped as investors fretted about an intensifying Sino-U.S. trade war.
• Trump's reciprocal tariffs, including a 104% duty on Chinese goods, took effect on Wednesday, despite plans for negotiations with some countries.
•Late Tuesday, Trump accused China of manipulating its currency to shield against tariffs, but expressed belief that China would eventually strike a deal.
• Shifting headlines on tariffs and the threat of a prolonged trade war between the world’s two largest economies have sparked significant volatility across financial markets.
• At GMT 08:27, the dollar up 0.13% to 7.347 against the Chinese Yuan.
• Immediate resistance is located at 7.351(23.6%fib), any close above will push the pair towards 7.360(Higher BB)
• Support is seen at 7.334(50%fib) and break below could take the pair towards 7.327(April 8th low).
Recommendation: Good to buy around 7.340, with stop loss of 7.300 and target price of 7.390


FxWirePro- Major European Indices
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro- Woodies Pivot(Major)
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet
FxWirePro: USD/CAD pauses decline,critical support lies ahead
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
FxWirePro: NZD/USD downside pressure builds, key support level in focus
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 



