USD/CNH Over 1% Up In The Last 10 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 1.72% for the last 10 sessions. At 13:09 EST on Friday, 12 April, USD/CNH (USDCNH) is $7.27.

USD/CNH’s yearly highs and lows, it’s 0.207% up from its 52-week low and 0.023% down from its 52-week high.

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  • Eur/usd price analysis: the key support level is seen around 1.0730, oversold RSI condition eyed. According to FXStreet on Thursday, 11 April, " From a technical perspective, EUR/USD resumes its bearish outlook as the major pair is below the key 100-period Exponential Moving Average (EMA) on the four-hourchart. ", "The hotter-than-expected US inflation data boosted the Greenback to yearly highs and exerted some selling pressure on the EUR/USD pair. "
  • Eur/usd price analysis: the first upside barrier is located at 1.0870. According to FXStreet on Wednesday, 10 April, "The EUR/USD pair clings to mild losses around 1.0855 on Wednesday during the early European session. ", " According to the four-hour chart, EUR/USD keeps the bullish stance unchanged as the major pair is above the key 100-period Exponential Moving Average (EMA). "
  • Eur/usd under pressure after US CPI and FOMC minutes. According to FXStreet on Wednesday, 10 April, "The EUR/USD pair declined to 1.0739, representing a substantial decline of 1.1%. ", "In the broader outlook, the EUR/USD also exhibits a bearish trend as it is positioned below key Simple Moving Averages (SMAs). "
  • Eur/usd holds below 1.0750 ahead of ECB rate decision, US PPI data. According to FXStreet on Thursday, 11 April, "The EUR/USD pair remains on the defensive near 1.0740 during the early Asian session on Thursday. ", "The ECB insists on setting policy independently, but the divergence of interest rates between the Fed and ECB might exert some selling pressure on the Euro (EUR) and create a headwind for the EUR/USD pair. "

More news about USD/CNH (USDCNH).

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