(VIANEWS) – USD/CNH (USDCNH) has been up by 2.78% for the last 21 sessions. At 01:06 EST on Thursday, 29 June, USD/CNH (USDCNH) is $7.26.
USD/CNH’s yearly highs and lows, it’s 0.353% up from its 52-week low and 0.1% down from its 52-week high.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/CNH’s Forex is considered to be oversold (<=20).
Previous days news about USD/CNH (USDCNH)
- Usd/cnh retreats from YTD high to sub-7.2300 as pboc, asian lobbyists trigger China optimism. According to FXStreet on Tuesday, 27 June, "Looking forward, US Durable Goods Orders for May, expected -1.0% versus 1.1% prior, as well as the US Conference Board’s (CB) Consumer Confidence for June, expected to arrive at 103.90 versus 102.30 prior, will direct intraday moves of the USD/CNH pair. ", "Although the overbought RSI conditions challenge the USD/CNH buyers below the late 2022 peak of around 7.2600, a two-month-old rising trend channel, currently between 7.2640 and 7.1690, suggests further upside of the offshore Chinese Yuan pair."
- Usd/cnh: risk of short-term downtrend on failure to defend support at 7.16 – socgen. According to FXStreet on Tuesday, 27 June, "Economists at Société Générale analyze USD/CNH technical outlook."
More news about USD/CNH (USDCNH).
