• USD/ CNY steadied on Wednesday as market awaiting signals from Beijing's ongoing policy meeting and progress in trade negotiations with Washington.
• Hopes for easing U.S.-China trade tensions grew after Trump said he expected to reach a fair deal with Xi Jinping.
• Investors are focused on Malaysia talks between U.S. Treasury Secretary Bessent and Chinese Vice Premier He Lifeng, which could ease trade tensions and lead to a possible Trump-Xi meeting later this month.
• Investors are also awaiting details from the plenum on the government’s economic, political, and social agenda, along with development plans for the next five years..
• Immediate resistance is located at 7.124(SMA 20), any close above will push the pair towards 7.137(Higher BB).
• Support is seen at 7.111(Lower BB) and break below could take the pair towards 7.104(23.6%fib).
Recommendation: Good to sell around 7.125 with stop loss of 7.145 and target price of 7.115
