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• USD/ CNY rose to one week high on Thursday as China's yuan slipped amid ongoing uncertainty over U.S. tariffs and the broader economic policies under the Trump administration.
• uncertainty surrounding U.S. President Donald Trump's tariff threats continues to undermine sentiment toward the Chinese currency.
• Looking ahead, markets will focus on the Personal Consumption Expenditures (PCE) index, the Fed's preferred inflation gauge, due on Friday, for further insight into the Fed’s rate direction.
• At GMT 06:58,the dollar was up 0.16% at 7.266 against Chinese Yuan
• Immediate resistance is located at 7.285 (382%fib), any close above will push the pair towards 7.310(Higher BB).
• Support is seen at 7.244(50%fib) and break below could take the pair towards 7.231(Lower BB).
Recommendation: Good to buy around 7.250 with stop loss of 7.200 and target price of 7.310
