• USD/CNY hit four month high on Tuesday as US tariff threat weighed Chinese yuan.
• U.S. President-elect Donald Trump said he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China.
• The proposed tariffs, as well as other policies such as tax cuts, are seen as inflationary and likely to keep U.S. interest rates relatively high, hurting currencies of U.S. trading partners.
• At GMT 10:57,the dollar was up 0.16% at 7.250 against Chinese Yuan .
• Immediate resistance is located at 7.259(23.6%fib), any close above will push the pair towards 7.266(July 30th high)
• Support is seen at 7.239(SMA9) and break below could take the pair towards 7.224(38.2%fib).
Recommendation: Good to buy around 7.248with stop loss of 7.200 and target price of 7.280


FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
FxWirePro: GBP/NZD gains some upside momentum but still bearish
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
FxWirePro- Woodies pivot (Major)
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: USD/CAD retreats slightly but trend is still bullish
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro: GBP/NZD gains some ground but outlook is bearish 



