• USD/CNY dipped on Tuesday as the yuan strengthened amid escalating U.S.-China trade tensions.
•The United States doubled tariffs on Chinese goods to 20% on Tuesday, prompting Beijing to retaliate with additional 10%-15% tariffs on select U.S. imports starting March 10.
• China swiftly retaliated on Tuesday against new U.S. tariffs, imposing higher import levies on $21 billion worth of American agricultural and food products, escalating tensions between the world’s two largest economies.
• At GMT 10:30,the dollar was down 0.20% at 7.272 against Chinese Yuan .
• Immediate resistance is located at 7.289(50%fib), any close above will push the pair towards 7.308(38.2%fib)
• Support is seen at 7.273(61.8%fib) and break below could take the pair towards 7.257(Feb 27th low).
Recommendation: Good to buy around 7.270 with stop loss of 7.230 and target price of 7.350


FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
Major Currency Scores: USD/CAD Signals Extremely Bullish Momentum at +90
FxWirePro- Major Pair levels and bias summary
NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty
FxWirePro: GBP/AUD edges higher but maintains bearish bias
FxWirePro: NZD/USD edges lower, remains on back foot
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340
FxWirePro: GBP/NZD bulls gear up for next leg higher, eyes 2.3500level
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
EURJPY Recovers Over 150 Pips Post-BOJ Hike, Bullish Trend Strengthens
FxWirePro: GBP/AUD falls after BoE rate hold
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
FxWirePro: USD/CAD neutral in the near term, scope for further upside 



