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MarketFX

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

ViaNews Editorial Team

August 23, 2024

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

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.99% for the last 21 sessions. At 13:06 EST on Friday, 23 August, USD/CNH (USDCNH) is $7.12.

USD/CNH's yearly highs and lows, it's 0.073% up from its 52-week low and 0.397% down from its 52-week high.

News about

  • According to FXStreet on Thursday, 22 August, "However, The USD/JPY pair gainedground as the JPY depreciated following the record trade deficit report released on Wednesday. ", "On the upside, the USD/JPY pair could encounter an immediate resistance at the downtrend line around the nine-day Exponential Moving Average (EMA) at the 146.45 level. "
  • Usd/jpy price forecast: recovers 146.00 but remains bearish. According to FXStreet on Thursday, 22 August, "The USD/JPY strengthened late during Thursday's North American session, following choppy price action on Wednesday that saw the pair hover around 145.20. ", "For a bullish continuation, the USD/JPY needs to crack the Tenkan-Sen at 146.92. "
  • Usd/jpy holds positive ground above 145.00 despite firmer fed rate cut expectations. According to FXStreet on Thursday, 22 August, "The USD/JPY pair trades on a stronger note around 145.35 during the early Asian session on Thursday. ", "The rising expectation of a Fed rate cut might weigh on the Greenback and cap the upside of USD/JPY in the near term. "
  • Usd/jpy: clashing uncertainties – rabobank. According to FXStreet on Wednesday, 21 August, "That has not been the case in USD/JPY this summer, Rabobank's Senior FX Strategist Jane Foley notes.", "Most activity in the last couple of weeks has been within the 145 to 147 area and there is a solid chance that this will continue to broadly hold USD/JPY in the near-term. "
  • According to FXStreet on Friday, 23 August, "On the upside, the USD/JPY pair could encounter immediate resistance around the nine-day Exponential Moving Average (EMA) at the 146.46 level. ", "For support levels, the USD/JPY pair tests the downtrend line at the 145.50 level. "

More news about USD/CNH (USDCNH).

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ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.