• USD/CNY traded n tight range on Friday as investors anxiously awaited news on whether a tariff truce would be extended between the world's two largest economies.
• China faces tariffs over 100% and has until August 12 to reach a deal with the White House to avoid renewed import restrictions from earlier tariff escalations.
• The yuan traded in a tight range this week as markets awaited developments and evaluated U.S. trade deals with other nations.
• The yuan has gained 1.6% against the weakening dollar this year, as the central bank maintained stability against the greenback .
• At GMT 05:47, the dollar was up 0.01% to 7.181 against the Chinese Yuan.
• Immediate resistance is located at 7.184(38.2%fib), any close above will push the pair towards 7.210(Higher BB)
• Support is seen at 7.178(SMA20) and break below could take the pair towards 7.167 (May 26th low).
Recommendation: Be on sidelines


FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD consolidating around 1.6650, room for further gains
FxWirePro: USD/CAD positions for another climb, eyes 1.3900 level
BTCUSD Coils in Tight Range: Will Geopolitical Stability Trigger a Breakout Toward $80,000?
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY edges up, looks to extend gains
FxWirePro: GBP/USD drifts lower , could be on verge of bigger drop
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD edges lower, downside risk remains
NZDJPY in Consolidation: Navigating the 92.00 Range as Bearish Clouds Gather
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path 



