PBoC extends pause in LPR, USD/CNH downtrend slows

The People’s Bank of China left its benchmark lending rates unchanged, keeping the 1-year Loan Prime Rate at 3.00% and the 5-year LPR at 3.50%. The decision marks the tenth consecutive month of steady policy.

For now, policymakers are seen favoring targeted structural tools—supporting sectors such as technology and green energy—rather than deploying broad-based rate cuts. Holding benchmark rates also helps anchor the Yuan, which has been hovering near a 34-month high, buoyed in part by broad Dollar weakness.

USD/CNH has been trending lower since early 2025, reflecting persistent Dollar softness. However, technically, downside momentum appears to be fading, with bullish convergence emerging on D MACD. That suggests selling pressure may be losing traction in the near term.

Support may emerge near 200% projection of 7.2224 to 7.0840 from 7.1381 at 6.8613 to bring rebound. Firm break above 6.9105 resistance would indicate short-term bottoming and open the way toward the 55 D EMA (now at 6.9629).

Still, renewed broad-based Dollar weakness could quickly push the pair through 6.8613 toward 261.8% projection at 6.7758, and possibly revive medium term downside momentum along the way.

Source link

Visited 1 times, 1 visit(s) today

Related Article

Forexvue Publishes 2026 Review of Leading Forex and CFD Brokers

Forexvue Publishes 2026 Review of Leading Forex and CFD Brokers

Forexvue has released its February 2026 ranking of leading forex and CFD brokers, using live spread data, execution testing, and regulatory verification to produce a structured, data-based ranking. Luxembourg, 24th Feb 2026 — Forexvue.com has published its updated 2026 review of leading forex and CFD brokers, presenting a data-led comparison designed to help traders evaluate

Is Gold Ready to Extend Higher? Elliott Wave Perspective

Is Gold Ready to Extend Higher? Elliott Wave Perspective

Spot Gold (XAUUSD) reached an all-time high of $5598.75 on January 29 before undergoing a sharp correction to $4402.40 on February 2. From that low, the metal began a recovery that can be characterized as a nesting impulse. This structure reflects a sequence of advancing waves, each building upon the prior move to sustain upward

image

EUR/USD Forex Signal 23/02: US Tariff Confusion (Chart)

Created on February 23, 2026 My previous EUR/USD signal last Thursday produced a nicely profitable short trade from the bearish rejection of $1.1805 by an hourly pin bar. Risk 0.75%. Trades may be entered prior to 5pm London time today. Go short following a bearish price action reversal on the H1 timeframe immediately upon the

Waller’s Shift Helps Dollar Recover from Early Losses

Waller’s Shift Helps Dollar Recover from Early Losses

Dollar stabilized and recovered notably in early US trading after an initial selloff, supported by remarks from Fed Governor Christopher Waller. Waller, widely regarded as one of the more dovish voices on the Federal Reserve Board, signaled that the case for holding rates in March has strengthened following robust January employment data. Waller was one

AUD/USD and NZD/USD Flash Early Signs of Bullish Recovery

AUD/USD and NZD/USD Flash Early Signs of Bullish Recovery

AUD/USD is attempting a fresh increase from 0.7015. NZD/USD is consolidating and could aim for a move above 0.6000 in the short term. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar remained supported above 0.7000 and recovered losses against the US Dollar. There was a break above a key declining channel with

USD/CAD Analysis Following Changes in US Tariff Policy

USD/CAD Analysis Following Changes in US Tariff Policy

Currency markets opened on Monday with the US dollar under pressure, as traders assessed weekend developments related to US tariff policy. According to Reuters: → On Friday, the Supreme Court ruled that President Trump’s sweeping tariffs exceeded his authority. → In response, the US president criticised the court and introduced a blanket 15% import levy.

EUR/USD Weakness Persists — Markets Brace for Next Leg Lower

EUR/USD Weakness Persists — Markets Brace for Next Leg Lower

Key Highlights EUR/USD started a fresh decline from 1.1925 and dipped below 1.1840. A key declining channel is forming with resistance at 1.1815 on the 4-hour chart. GBP/USD is again moving below the 1.3600 support. Gold could aim for a fresh move toward $5,300. EUR/USD Technical Analysis The Euro failed to settle above 1.1900 against

Tariff chaos and war risk put 5,530 in sight for Gold; Silver eyes 94+

Tariff chaos and war risk put 5,530 in sight for Gold; Silver eyes 94+

Gold and silver extended their surge into early week trading, propelled by a “perfect storm” of US tariff confusion and escalating Middle East tension. The move defied earlier bearish expectations and marked a clear resumption of the rebound that began in early February. In the near term, Gold’s decisive move back above 5,000 pscyholgoical level

image

EUR/USD Forecast Today 22/02: Set to Rebound (Chart)

Created on February 22, 2026 The EUR/USD exchange rate remained in a narrow range after a series of important events and macro data. It was trading at 1.1780, down from the year-to-date high of 1.2095. Geopolitical Tensions and Macro Data The EUR/USD pair retreated after the Supreme Court ruled against Donald Trump’s tariffs on Friday.

image

USD/JPY Forex Signal 22/02: Weekly Forex Forecast

Weekly Forex Forecast – USD/JPY, AUD/USD, WTI Crude Oil, S&P 500 Index, Bitcoin, Gold WTI Crude Oil tested long-term highs as the outbreak of war looms over the Persian Gulf, while the Japanese Yen gave up some of its gains and precious metals continued their recovery. Fundamental Analysis & Market Sentiment I wrote on the

FX week in review: iFOREX IPO, Plus500 execs sell, Prop Firm launches broker

FX week in review: iFOREX IPO, Plus500 execs sell, Prop Firm launches broker

How much money did Retail FX and CFDs broker iFOREX raise in its initial public offering on the London Stock Exchange? At what valuation? What are iFOREX’s key metrics – revenue, profit, active clients, key geos…? Which Plus500 senior executives cashed out more than $90 million in company stock? Which is the latest retail prop

USD/CHF Daily Outlook - ActionForex

USD/CHF Daily Outlook – ActionForex

Daily Pivots: (S1) 0.7726; (P) 0.7745; (R1) 0.7768; More…. No change in USD/CHF’s outlook as price actions from 0.7603 are seen as a consolidation pattern in the larger down trend. Intraday bias remains neutral. While stronger rebound cannot be ruled out, upside should be limited by 55 D EMA (now at 0.7838) to complete the

GBP/JPY Marks a Major Top – Will It Revert to 200.00?

GBP/JPY Marks a Major Top – Will It Revert to 200.00?

GBP/JPY is a historically popular pair in Forex trading, as it is one of the most volatile products to trade and captures geographic dynamics and risk-on/risk-off flows. The pair once again stands at a key inflection point, right after a historic run back to 2008 levels, and can offer quite interesting setups amid elevated market

USD/JPY Daily Outlook - ActionForex

USD/JPY Daily Outlook – ActionForex

Daily Pivots: (S1) 154.58; (P) 154.96; (R1) 155.38; More… USD/JPY’s rally from 152.25 continues today and intraday bias stays on the upside for 157.65 resistance first. Break there will target a retest on 159.44 high. On the downside, below 154.33 minor support will turn intraday bias neutral and bring consolidations. Overall, with 38.2% retracement of

USD/JPY Weekly Outlook - ActionForex

USD/JPY Weekly Outlook – ActionForex

USD/JPY’s strong rebound last week suggests that fall from 157.65 has completed at 152.25. Initial bias is turned neutral this week firs. On the upside, above 155.63 will resume the rally from 152.25 and target 157.65 first. Overall, with 38.2% retracement of 139.87 to 159.44 at 151.96 intact, rise from 139.87 is expected to resume

EUR/USD Weekly Outlook - ActionForex

EUR/USD Weekly Outlook – ActionForex

EUR/USD’s fall from 1.2081 extended lower last week but recovered after hitting 1.1740. Initial bias is turned neutral this week first. But risk will stay on the downside as long as 1.1928 resistance holds. Below 1.1740 will target 1.1576 support next. Firm break there should confirm rejection by 1.2 key psychological level and turn near

Forex market volatility analysis showing PMI reports and US GDP data impact on currency trading

PMI Reports and US GDP Data Trigger Critical Market Movements

BitcoinWorldForex Volatility Surge: PMI Reports and US GDP Data Trigger Critical Market Movements Global currency markets brace for significant volatility this week as Purchasing Managers’ Index (PMI) reports from major economies and crucial US Gross Domestic Product (GDP) data converge to create potentially market-moving conditions. Forex traders worldwide monitor these economic indicators closely, anticipating substantial

EUR/GBP Daily Outlook - ActionForex

EUR/GBP Daily Outlook – ActionForex

Daily Pivots: (S1) 0.8729; (P) 0.8740; (R1) 0.8756; More… Intraday bias in EUR/GBP remains neutral with focus on 0.8744 resistance. Decisive break there should confirm that fall from 0.8863 has completed as a correction. Further rally should then be seen back to retest 0.8863 high. On the downside, sustained break of 38.2% retracement of 0.8221

0
Would love your thoughts, please comment.x
()
x