(VIANEWS) – USD/CNH (USDCNH) has been up by 1.72% for the last 21 sessions. At 06:06 EST on Wednesday, 30 August, USD/CNH (USDCNH) is $7.30.
USD/CNH’s yearly highs and lows, it’s 0.224% up from its 52-week low and 0.108% 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 price analysis: Yuan buyers flex muscles around 7.2800 on China stimulus. According to FXStreet on Monday, 28 August, "Technically, the pair’s downbeat break of a one-month-old previous support line joins the repeated failures to cross the 10-DMA immediate hurdle to keep the USD/CNH bears hopeful.", "Even so, a horizontal area comprising multiple tops marked since August 16, close to 7.2370-60, can challenge the USD/CNH bulls before refreshing the yearly high."
- Usd/cnh price analysis: traders seem non-committed, 7.2700 holds the key for bulls. According to FXStreet on Tuesday, 29 August, "From a technical perspective, the USD/CNH pair has been showing some resilience below the 7.2700 round figure since early last week. ", "The People’s Bank of China (PBoC) has been persistently setting stronger-than-expected daily-mid-points for the Chinese Yuan, which, along with a modest US Dollar (USD) weakness, act as a headwind for the USD/CNH pair. "
More news about USD/CNH (USDCNH).
