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MarketFX

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

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

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.7% for the last 21 sessions. At 20:07 EST on Wednesday, 7 August, USD/CNH (USDCNH) is $7.16.

USD/CNH's yearly highs and lows, it's 0.119% up from its 52-week low and 0.102% 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 Wednesday, 7 August, "The Japanese Yen sees a fresh bout of selling following these dovish remarks from the BoJ official, as USD/JPY storms through the roof to retest 147.50. "
  • According to FXStreet on Wednesday, 7 August, "In terms of resistance, the USD/JPY pair might face a barrier at the nine-day Exponential Moving Average (EMA) around 149.22. ", "The upside potential for the USD/JPY pair may be limited as the US Dollar faces challenges, with markets anticipating a more substantial rate cut beginning in September. "
  • According to FXStreet on Wednesday, 7 August, "At press time, USD/JPY is trading 1.65% higher on the day, consolidating at around 146.70."
  • Usd/jpy price forecast: retreats below 145.00 after short-lived bounce. According to FXStreet on Tuesday, 6 August, "The USD/JPY registered minimal gains on Tuesday after hitting a daily high of 146.37. ", "Conversely, if USD/JPY edges above 145.00, the next resistance will be the August 5 peak at 146.37, followed by the 147.00 figure. "
  • Usd/jpy struggles to extend recovery above 146.40 due to yen’s safe-haven appeal. According to FXStreet on Tuesday, 6 August, "The USD/JPY pair faces pressure in an attempt to extend recovery above the intraday resistance of 146.40 in Tuesday's European session. "

More news about USD/CNH (USDCNH).

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ForexForeign Exchange MarketCurrenciesUSDCNHUSD/CNHPrice DownFOREX Price DownForex Now
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.