• USD/CNY steadied on Monday as the Chinese yuan weakened, impacted by escalating trade tensions between the world’s two largest economies after reciprocal tariffs on each other’s goods.
• China, hit by U.S. tariffs over 50%, retaliated on Friday with extra levies on U.S. imports, while global markets watch closely for any moves by Beijing to devalue its currency.
• Trump showed no signs of backing down from his tariff plans on Sunday, prompting investors worldwide to flock to safe-haven currencies like the yen and Swiss franc on Monday.
• With U.S. tariffs set to affect nearly all Chinese exports at rates of at least 54%, the outlook for China's trade balance remains uncertain.
• Immediate resistance is located at 7.312(38.2%fib), any close above will push the pair towards 7.332(23.6%fib)
• Support is seen at 7.295(50%fib) and break below could take the pair towards 7.280(61.8%fib).
Recommendation: Good to buy around 7.300, with stop loss of 7.220 and target price of 7.370


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro- Major European Indices
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions 



