(VIANEWS) – USD/CNH (USDCNH) has been up by 2.55% for the last 21 sessions. At 18:12 EST on Tuesday, 7 March, USD/CNH (USDCNH) is $6.99.
Usd/cnh price analysis: prints mild losses below 6.9800 resistance confluence
Apart from the immediate Fibonacci retracement hurdle, a convergence of the 100-DMA and an upward-sloping trend line from early February, the previous support line, close to 6.9800, appears a tough nut to crack for the USD/CNH bulls., Following that, the late January swing high near 6.7950 could entertain the USD/CNH bears before directing them to the yearly low of 6.6975.
USD/CNH’s yearly highs and lows, it’s 0.019% up from its 52-week low and 0.024% down from its 52-week high.
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