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USD/CNH Is 1% Down In The Last 21 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 1.84% for the last 21 sessions. At 06:10 EST on Monday, 19 August, USD/CNH (USDCNH) is $7.14.

USD/CNH’s yearly highs and lows, it’s 0.23% up from its 52-week low and 0.293% down from its 52-week high.

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  • Usd/jpy retreats over 50 pips from asian session peak, slides below mid-147.00s. According to FXStreet on Monday, 19 August, "The prevalent risk-on mood, bolstered by signs of easing fears of a recession in the US, undermines the safe-haven Japanese Yen (JPY) and lends some support to the USD/JPY pair amid a modest US Dollar (USD) uptick. ", "The aforementioned fundamental backdrop suggests that the path of least resistance for the USD/JPY pair is to the downside. "
  • According to FXStreet on Monday, 19 August, "For support levels, the USD/JPY pair may test the area around its seven-month low of 141.69, reached on August 5. ", "On the upside, the USD/JPY pair could face an immediate barrier around the nine-day Exponential Moving Average (EMA) at 147.60. "

More news about USD/CNH (USDCNH).

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