(VIANEWS) – USD/CNH (USDCNH) has been up by 1.34% for the last 10 sessions. At 19:52 EST on Monday, 1 May, USD/CNH (USDCNH) is $6.96.
USD/CNH’s yearly highs and lows, it’s 0.138% up from its 52-week low and 0.006% 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 oversold (<=20).
News about
- Breaking: usd/jpy rallies sharply to fresh highs, eyes on 137.00. According to FXStreet on Monday, 1 May, "There was a positive tone to markets on Friday The S&P 500 was up 0.8% and the Nikkei has rallied in the open and USD/JPY has followed suit, rising 0.34% so far to fresh highs for April of 136.77."
- Usd/jpy price analysis: trades nearby six-week highs, above 136.20s. According to FXStreet on Saturday, 29 April, "The first resistance would be the March 10 high at 136.99, which, once cleared, the USD/JPY will continue towards the March 9 high at 137.35. ", "Given the backdrop, the USD/JPY might be headed for a pullback after Friday’s rally."
- Usd/jpy price analysis: surges past 137.00, with buyers eyeing a new YTD high around 138.00. According to FXStreet on Monday, 1 May, "Additionally, the USD/JPY left behind the 200-day EMA at 133.79, cheered by buyers, who remain hopeful of lifting prices towards the last year’s high at 151.94.", "If USD/JPY reclaims the November 30 cycle high at 138.17, that would expose the November 21 daily high at 142.25. "
- Usd/jpy extends boj-inspired rally to refresh seven-week top near 137.00 despite sluggish yields. According to FXStreet on Monday, 1 May, "Following that, downbeat Japanese Government Bond (JGB) yields and the US Dollar’s broad run-up also gain the attention of the USD/JPY pair watchers.", "That said, the BoJ dropped its forward guidance for interest rates and launched a review of its policies that will take more than a year, which in turn might have also fuelled the USD/JPY prices of late."
More news about USD/CNH (USDCNH).
