USD/CNH is at the centre of the tariff war. A three-year resistance zone near 7.35/7.32 has failed once again. This repeated failure shows strategic resistance by Chinese policymakers or macro selling pressure.
Support Levels: 7.27 and 7.25 must hold. A drop through these levels could spark a move to 7.20 and 7.17.
Geopolitical Lens: China may begin allowing Yuan appreciation to avoid excessive inflation from import tariffs. This could shock the USD/CNH lower and stoke global de-dollarization narratives.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.