(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).
