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• USD/CNY moved slightly higher on Tuesday, but gains remained limited as markets shifted attention to the upcoming U.S. Federal Reserve policy decision.
• Traders are laser-focused on the Fed’s upcoming policy call, with consensus pointing to a rate hold when the decision lands Wednesday.
• Investors will be paying close attention to any clues regarding the Federal Reserve’s future policy direction.
• Investors also kept an eye on trade negotiations, with President Trump's early July tariff deadline drawing near.
•At GMT 11:16, the dollar was trading up 0.19% at 0.6534 against Yuan .
• Immediate resistance is located at 7.200(38.2%fib), any close above will push the pair towards 7.208(Higher BB)
• Support is seen at 7.172(23.6%fib) and break below could take the pair towards 7.162 (Lower BB).
Recommendation: Good to sell around 7.190, with stop loss of 7.240 and target price of 7.170
