• 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
