• USD/ CNY strengthened on Friday as Chinese Yuan weakened as China's latest stimulus fell short of expectations.
• China unveiled a 10 trillion yuan ($1.40 trillion) debt package to ease local government financing strains and stabilise flagging economic growth.
•Finance Minister Lan Foan said more stimulus was coming, with some analysts saying Beijing may not want to fire all its financial weapons before Trump takes over officially in January.
• At GMT 16:04 ,the dollar was upn 0.52% at 7.178 against Chinese Yuan
• Immediate resistance is located at 7.181 (23.6%fib), any close above will push the pair towards 7.187(Nov 7th high).
• Support is seen at 7.151(38.2%fib) and break below could take the pair towards 7.139 (5SMA).
Recommendation: Good to buy around 7.175 with stop loss of 7.140 and target price of 7.200
