• USD/CNY initially dipped but recovered round on Wednesday as market assessed on President Donald Trump's unpredictable trade policies.
• Trump abruptly reversed his decision on Tuesday afternoon to double tariffs on steel and aluminum imports from Canada to 50%, just hours after announcing the hike. The swift policy shift added to market uncertainty and confusion.
• Traders are closely watching U.S.-China trade negotiations and potential economic stimulus measures from China following its recent parliamentary meeting.
• At GMT 07:17,the dollar was down 0.24% at 7.244 against Chinese Yuan .
• Immediate resistance is located at 7.243(38.2%fib), any close above will push the pair towards 7.269(23.6%fib)
• Support is seen at 7.220(61.8%fib) and break below could take the pair towards 7.209(Lower BB).
Recommendation: Be on sidelines


FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
FxWirePro:USD/JPY hovers near 40-year peak,intervention fears linger
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside
FxWirePro: AUD/USD bulls struggles as upside momentum fades
FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support
Major Crypto Action Bias: ETHUSD Turns Bullish – Only Bullish Pair to Watch
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns
FxWirePro: USD/CAD retreats slightly but trend is still bullish
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
FxWirePro: USD/CNY gains some upside momentum but bias still bearish 



