FxWirePro: USD/CNY slips as Yuan firms on stronger PBOC fix

• USD/ CNY slipped  lower on Friday   as yuan firmed    after a stronger PBOC fix, signaling efforts to stabilize the currency following Trump’s new tariff threats..

•Before markets opened, the PBOC set the yuan midpoint at 7.1475 per dollar—its strongest since November 8.

•  The stronger-than-expected PBOC fix helped offset dollar gains after Trump threatened broad 15–20% tariffs and a 35% levy on Canada.

• Looking ahead, market focus   shifted to China’s upcoming economic data releases, including trade figures, second-quarter GDP due next week.

• At GMT 11:01,the dollar   was down 0.10% at 7.167  against Chinese Yuan.

•Technical signals show the pair could lose more ground as RSI is up at 43, and 5, 9,11 DMA’s are trending south.

•  Immediate resistance is located at 7.183 (38.2%fib), any close above will push the pair towards 7.193(Higher BB).

• Support is seen at 7.156(23.6%fib) and break below could take the pair towards 7.152 (Lower BB).

Recommendation: Good to sell around 7.170  with stop loss of 7.220 and target price of 7.140