
- USD/CNH weakens to around 7.3170 in Thursday’s early European session, down 0.29% on the day.
- The positive view of the pair prevails above the key 100-day EMA with the bullish RSI indicator.
- The first upside barrier is seen in the 7.3400-7.3405 zone; the initial support level is located at 7.2974.
The USD/CNH pair attracts some sellers to near 7.3170 during the early European trading hours on Thursday. However, the downside for the pair might be limited amid the prospect of slower US interest rate cuts in 2025 and the potential protectionist policies under incoming President Donald Trump.
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