(VIANEWS) – USD/CNH (USDCNH) has been up by 1.55% for the last 21 sessions. At 21:16 EST on Wednesday, 28 August, USD/CNH (USDCNH) is $7.13.
USD/CNH’s yearly highs and lows, it’s 0.029% up from its 52-week low and 0.031% 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
- 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. "
- According to FXStreet on Wednesday, 28 August, "That could argue for EUR/USD above 1.12but the softer risk environment is favouring some profit-taking, and there may be some speculation that some rewidening in that rate differential is due.", "The EUR/USD drop this morning appears largely USD-driven, although admittedly the euro does look on less stable ground when considering the room for European Central Bankdovish repricing compared to the Fed’s, ING’s FX strategist Francesco Pesole notes."
- According to FXStreet on Wednesday, 28 August, "Indeed, if the value of EUR/USD continues its ascent, given the backdrop of moderating inflationary pressure in the Eurozone, there may be more reason for the ECB to lower rates.", "Consequently, we don’t see EUR/USD trading much higher than 1.12 in the coming months. "
More news about USD/CNH (USDCNH).
