• USD/CNY hit four month high on Tuesday as US tariff threat weighed Chinese yuan.
• U.S. President-elect Donald Trump said he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China.
• The proposed tariffs, as well as other policies such as tax cuts, are seen as inflationary and likely to keep U.S. interest rates relatively high, hurting currencies of U.S. trading partners.
• At GMT 10:57,the dollar was up 0.16% at 7.250 against Chinese Yuan .
• Immediate resistance is located at 7.259(23.6%fib), any close above will push the pair towards 7.266(July 30th high)
• Support is seen at 7.239(SMA9) and break below could take the pair towards 7.224(38.2%fib).
Recommendation: Good to buy around 7.248with stop loss of 7.200 and target price of 7.280


FxWirePro- Woodies Pivot(Major)
GBPJPY Surges to 211.88: Sterling Bulls Target 215 Amid Broad-Based Buying
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom
FxWirePro: GBP/NZD edges up, remains on front foot
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
Aussie Ascent: AUDJPY Charges Toward 112 as Bullish Momentum Hits Five-Day High
NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play
FxWirePro: EUR/AUD eases as market awaits Iran deadline
FxWirePro: USD/JPY edges up as yen dips after soft household spending data
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD slips amid wavering risk sentiment
FxWirePro- Major European Indices
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption 



