(VIANEWS) - USD/CNH (USDCNH) has been up by 2.31% for the last 21 sessions. At 18:10 EST on Sunday, 25 June, USD/CNH (USDCNH) is $7.21.
USD/CNH's yearly highs and lows, it's 0.018% up from its 52-week low and 0.06% 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 holds steady above 143.00 mark, near its highest level since November 2022. According to FXStreet on Friday, 23 June, "The USD/JPY pair oscillates in a narrow band, just above the 143.00 mark through the Asian session on Friday and consolidates the previous day's strong rally to a fresh high since November 2022.", "Nevertheless, the aforementioned fundamental backdrop seems tilted firmly in favour of bullish traders and suggests that the path of least resistance for the USD/JPY pair is to the upside. "
- Usd/jpy to drop below 130 on a 6-12m horizon – danske bank. According to FXStreet on Friday, 23 June, "We think the USD/JPY seems fundamentally overvalued and combined with potential monetary policy tightening; we expect the cross to drop below 130 on a 6-12M horizon."
- According to FXStreet on Friday, 23 June, "Japanese policymakers continue with their verbal intervention, as the USD/JPY pair trades at the highest level in seven months. "
- Usd/jpy struggles to keep auction above 143.00 as boj’s stealth intervention looks likely. According to FXStreet on Friday, 23 June, "The USD/JPY pair is struggling to maintain stability above the crucial resistance of 143.00 in the London session. "
- Usd/jpy price analysis: overbought RSI prods bulls at yearly high around 143.00. According to FXStreet on Friday, 23 June, "On the contrary, a downside break of the stated key technical level around 142.50, also known as the golden Fibonacci ratio, can direct the USD/JPY bears towards confirming the rising wedge bearish chart pattern, by poking the 140.80 support.", "Even if the RSI (14) line prods the USD/JPY buyers with a two-month-old rising wedge bearish chart formation, the quote's successful break of the 61.8% Fibonacci retracement level of October 2022 to January 2023 downside, near 142.50 at the latest, keeps the bulls hopeful."
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