• USD/CNY surged to a seven-week high on Thursday as the Chinese yuan weakened following President Trump’s announcement of severe tariffs aimed at China and other trading partners.
• On Wednesday, Trump introduced a new 10% baseline U.S. tariff on all imports, with significantly higher tariffs on certain trading partners, especially in Asia.
• Trump announced that China would face a 34% tariff, adding to the 20% imposed earlier this year, bringing the total new levy to 54%, close to the 60% he had threatened during his campaign.
• Trump defended his tariffs, citing the trade imbalance between U.S. tariffs and those imposed by other nations as the reason for his actions.
• At GMT 09:32, the dollar up 0.45% to 7.301 against the Chinese Yuan.
• Immediate resistance is located at 7.304(38.2%fib), any close above will push the pair towards 7.341(23.6%fib)
• Support is seen at 7.276(50%fib) and break below could take the pair towards 7.243(61.8%fib).
Recommendation: Good to buy around 7.290, with stop loss of 7.220 and target price of 7.360


JPY Action Bias: NZDJPY and AUDJPY Stand Out as the Most Bullish Pairs
FxWirePro: USD/ZAR firms slightly, but downward resumption looks likely
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
GBPJPY Pulls Back on Profit Booking but Bullish Setup Holds: Buy Dips Toward 223
FxWirePro: AUD/ USD eases as risk sentiment remains fragile
FxWirePro- Major Crypto levels and bias summary
FxWirePro:EUR/NZD stuck In narrow ranges, focus on near term support
Major Pair Action Bias: NZDUSD Turns Bullish While Other Majors Stay Neutral
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
FxWirePro: AUD/USD edges higher as US- Iran war escalates
AUDJPY Bullish Momentum Ignites: Buy Dips Toward 115 Target
CAD/JPY Surges on Broad-Based Canadian Dollar Buying
JPY Action Bias: CADJPY Turns Extremely Bullish While Other Pairs Hold Positive Ground
FxWirePro: USD/ZAR advances as South African rand weakens amid renewed Middle East tensions
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 



