• USD/ CNY slipped lower on Thursday as yuan firmed as a stronger PBOC fix supported the yuan amid fresh U.S. tariff threats.
• China's July exports beat forecasts as manufacturers rushed shipments ahead of a looming U.S. tariff deadline.
• China's exports rose 7.2% year-on-year in July, customs data showed on Thursday, beating a forecast 5.4% .
•Imports grew 4.1%, defying economists' expectations for a 1.0% fall and climbing from a 1.1% rise in June.
•The spot yuan opened at 7.1830 and last traded at 7.1809 as of 0244 GMT, 27 pips firmer on the day but 0.65% weaker than the midpoint.
•Technical signals show the pair could lose more ground as RSI is up at 37, and 5, 9,11 DMA’s are trending south.
• Immediate resistance is located at 7.189 (38.2%fib), any close above will push the pair towards 7.209(Higher BB).
• Support is seen at 7.165(July 14th low) and break below could take the pair towards 7.151 (23.6%fib).
Recommendation: Good to sell around 7.180 with stop loss of 7.200 and target price of 7.160
