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• USD/CNY steadied on Tuesday as markets grappled with the Trump administration's back-and forth changes in tariffs.
•Market focus has been on shifting tariff updates. The U.S. exempting electronics from China tariffs provided short-term relief, though Trump hinted it may not last.
• President Donald Trump's mixed signals regarding tariffs have created significant confusion among investors, as his decisions on trade policies appear unpredictable and inconsistent.
• As a result, volatility in global markets has increased, with the dollar and other currencies fluctuating in response to Trump's tariff-related announcements.
• At GMT 10:00, the dollar down 0.06% to 7.315 against the Chinese Yuan.
• Immediate resistance is located at 7.327(38.2%fib), any close above will push the pair towards 7.352(23.6%fib)
• Support is seen at 7.304(50%fib), and break below could take the pair towards 7.290(April 14th low )
Recommendation: Good to buy around 7.310, with stop loss of 7.250 and target price of 7.380
