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FxWirePro: USD/CNY maintains bullish bias with focus on 7.300 level

• USD/CNY reached a two-week high on Tuesday as China’s Yuan weakened amid tariff concerns ahead of US President Donald Trump’s looming deadline.

• Investors remain focused on Trump’s upcoming reciprocal tariffs and their potential impact on the global economy as trade war fears unsettle markets.

• US. President Donald Trump said on Monday that automobile tariffs are coming soon, though he suggested that not all of his proposed levies would take effect on April 2.

• At GMT 06:25, the dollar gained 0.10% to 7.259 against the Chinese Yuan.

•  Immediate resistance is located at 7.264(38.2%fib), any close above will push the pair towards 7.282(23.6%fib)

• Support is seen at 7.252(50%fib) and break below could take the pair towards 7.238(61.8%fib).

Recommendation: Good to buy around 7.255, with stop loss of 7.230 and target price of 7.300

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