(VIANEWS) – USD/CNH (USDCNH) has been up by 1.64% for the last 10 sessions. At 13:11 EST on Friday, 14 July, USD/CNH (USDCNH) is $7.15.
Usd/cnh struggles to cheer US dollar weakness at monthly low past 7.1500 on mixed China news
Apart from the mixed macros surrounding China, hawkish comments from Federal Reserve Governor Christopher Waller also prod the USD/CNH bears, especially amid downbeat sentiment., Despite the latest inaction, a daily closing beneath the three-month-old rising support line, now immediate resistance near 7.1530, keeps the USD/CNH sellers hopeful.
USD/CNH’s yearly highs and lows, it’s 0.407% up from its 52-week low and 0.084% 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 overbought (>=80).
Previous days news about USD/CNH (USDCNH)
- Usd/cnh could trade in a narrow 7.20-7.30 range for the remainder of July – credit suisse. According to FXStreet on Wednesday, 12 July, "Despite the short-term stability in the Yuan, we think that the fundamentals still point to Yuan weakness, and we re-iterate our Q3 USD/CNH target of 7.50. "
More news about USD/CNH (USDCNH).
