(VIANEWS) – USD/CNH (USDCNH) has been up by 1.26% for the last 5 sessions. At 18:06 EST on Monday, 7 October, USD/CNH (USDCNH) is $7.07.
USD/CNH’s yearly highs and lows, it’s 0.007% up from its 52-week low and 0.037% 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
- Usd/jpy slides below mid-148.00s, downside potential seems limited. According to FXStreet on Monday, 7 October, "Apart from this, geopolitical developments should provide short-term impetus to the USD/JPY pair.", "The USD/JPY pair struggles to capitalize on a modest Asian session uptick or find acceptance above the 149.00 mark and retreats a few pips from its highest level since August 16 touched this Monday. "
- Usd/jpy bounces off daily low, finds support near 148.00 amid bullish USD. According to FXStreet on Monday, 7 October, "The USD/JPY pair retreats after touching its highest level since August 16, around the 149.10-149.15 area and extends the steady intraday descent through the first half of the European session on Monday. ", "This, in turn, will play a key role in influencing the near-term USD price dynamics and provide a fresh impetus to the USD/JPY pair. "
- According to FXStreet on Monday, 7 October, "Instead of trading around 142 at the start of the week, USD/JPY broke through 148 on Friday on the back of strong US employment data. "
- Usd/jpy price forecast: decisively breaches key resistance yet bearish signs persist. According to FXStreet on Monday, 7 October, "Yet bullish enthusiasm should be tempered by the possibility that USD/JPY may have formed a three-wave "abc" corrective pattern of the medium-term downtrend during July. "
More news about USD/CNH (USDCNH).
