(VIANEWS) – USD/CNH (USDCNH) has been up by 1.52% for the last 21 sessions. At 08:13 EST on Wednesday, 28 August, USD/CNH (USDCNH) is $7.13.
USD/CNH’s yearly highs and lows, it’s 0.198% up from its 52-week low and 0.083% 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
- Eur/usd rises to near 1.1200 due to dovish fed’s powell. According to FXStreet on Monday, 26 August, "This upside of the EUR/USD pair is attributed to the lower US Dollar (USD) following the dovish speech from the US Federal Reserve (Fed) Chairman Jerome Powell at the Jackson Hole Symposium on Friday.", "Additionally, Rabobank’s Senior FX Strategist, Jane Foley, remarked on Friday that the EUR/USD pair is expected to trade at 1.1200 on a three-month horizon. "
- Eur/usd price forecast: the first upside barrier emerges above 1.1200, eyes on the overbought condition. According to FXStreet on Monday, 26 August, "This suggests that further consolidation cannotbe ruled outbefore positioning for any near-term EUR/USD appreciation. ", "The EUR/USD pair weakens near 1.1185 during the early European session on Monday. "
- According to FXStreet on Monday, 26 August, "The Greenback’s mild rebound seems to have been enough to spark a corrective knee-jerk in EUR/USD to the 1.1150 zone at the beginning of the week. "
- According to FXStreet on Tuesday, 27 August, "Technically, we think EUR/USD does resemble a coiled spring and that a move above 1.12 could trigger some strong follow-through buying as the speculative community sniffs out a new trend. ", "And after a strong rallysince early August, it looks like EUR/USD could be due some consolidation. "
More news about USD/CNH (USDCNH).
