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USD/CNH Bearish Momentum: 0.842% Down In The Last 24 Hours

(VIANEWS) – USD/CNH (USDCNH) has been up by 0.8423% for the last session’s close. At 01:08 EST on Monday, 11 September, USD/CNH (USDCNH) is $7.30.

USD/CNH (USDCNH) Range

Concerning USD/CNH’s daily highs and lows, it’s 0.719% down from its trailing 24 hours low of $7.35 and 0.829% down from its trailing 24 hours high of $7.36.

USD/CNH’s yearly highs and lows, it’s 0.121% up from its 52-week low and 0.833% 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).

News about

  • Eur/usd struggles to hold gains, set for weekly loss as it trades below 1.0700. According to FXStreet on Saturday, 9 September, "A scarce economic docket from the Eurozone (EU) and the United States (US) kept the pair looking for direction, seesawing within a 40-pip range before the EUR/USD settled down at around current exchange rates. ", "The EUR/USD is trading at 1.0699, registering minuscule gains of 0.03%, set to finish the week with losses of 0.69%."
  • Eur/usd: weekly forecast 10th September – 16th September – 10 September 2023. According to DailyForex on Sunday, 10 September, "The lower price action of the EUR/USD has been sustained and the currency pair’s penetration of 1.07000 late last week and ability to sustain values below is probably rather surprising for many people.", "Traders with the ability to look for quick-hitting trades to simply take advantage of technical support and resistance levels while making wagers that are not anticipating massive movements might be far better positioned to pursue the EUR/USD under the current market conditions."

More news about USD/CNH (USDCNH).

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