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• USD/CNY consolidated around 7.264 on Thursday as uncertainty about the direction of U.S. interest rate cuts and the potential for new tariffs continue to weigh on Yuan
• The yuan has come under increased pressure due to President-elect Donald Trump's tariff threats and the growing divergence in monetary policies between China and the United States..
• At GMT 06.33,the dollar was up 0.02% at 7.264 against Chinese Yuan .
• Immediate resistance is located at 7.273(Daily high), any close above will push the pair towards 7.302(23.6%fib)
• Support is seen at 7.252(38.2%fib) and break below could take the pair towards 7.217(50%fib).
Recommendation: Good to buy around 7.265 with stop loss of 7.200 and target price of 7.300
