(VIANEWS) – USD/CNH (USDCNH) has been up by 1.05% for the last 5 sessions. At 15:10 EST on Sunday, 5 May, USD/CNH (USDCNH) is $7.19.
USD/CNH’s yearly highs and lows, it’s 0% down from its 52-week low and 0% 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).
News about
- According to FXStreet on Friday, 3 May, "This, along with the post-FOMC US Dollar (USD) selling bias, is seen exerting downward pressure on the USD/JPY pair.", "The subsequent move-up should allow the USD/JPY pair to reclaim the 155.00 psychological mark, with some intermediate resistance near the 154.45-154.50 zone."
- Usd/jpy extends losses for third consecutive session towards crucial support. According to FXStreet on Friday, 3 May, "This makes it the perfect entry level for any US Dollar buyers who foresee USD/JPY heading back to 160.00.", "Since last Friday, a string of (un)confirmed interventions have pushed the USD/JPY pair from roughly 160.00 to 153.00. "
- Usd/jpy price analysis: bears charge helped by intervention rumors, eye 152.00. According to FXStreet on Friday, 3 May, "The USD/JPY dropped for the third straight day and accumulated losses of more than 3.40% in the week after a suspected intervention by the Bank of Japan (BoJ) on Monday. ", "Despite retreating sharply during the week, the USD/JPY is still upward biased, as shown by the daily chart. "
More news about USD/CNH (USDCNH).
