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• USD/CNY edged firmed on Monday as the escalating Middle East war boosted the dollar's appeal and brought uncertainty to the Chinese economy.
• The United States and Iran traded escalating threats and Israel planned for "weeks" more fighting, rattling global markets.
•The dollar index edged up 0.14% in Asia trading, having jumped over 2% this month as the broadening conflict triggered a rush for haven assets...
• Li Qiang pledged on Sunday to further open China’s economy to foreign firms and promote more balanced trade with global partners.
• Immediate resistance is located at 6.912 (Higher BB), any close above will push the pair towards 6.913(23.%fib).
• Support is seen at 6.904(38.2%fib) and break below could take the pair towards 6.885(50%fib).
Recommendation: Good to buy around 6.900 with stop loss of 6.890 and target price of 6.930
