(VIANEWS) – USD/CNH (USDCNH) has been up by 2.2% for the last 21 sessions. At 21:09 EST on Wednesday, 21 August, USD/CNH (USDCNH) is $7.13.
USD/CNH’s yearly highs and lows, it’s 0.038% up from its 52-week low and 0.063% 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
- Usd/jpy: clashing uncertainties – rabobank. According to FXStreet on Wednesday, 21 August, "Most activity in the last couple of weeks has been within the 145 to 147 area and there is a solid chance that this will continue to broadly hold USD/JPY in the near-term. ", "That has not been the case in USD/JPY this summer, Rabobank’s Senior FX Strategist Jane Foley notes."
- According to FXStreet on Tuesday, 20 August, "This resulted in a sharp unwind of yen carry trades, bringing USD/JPY down to as low as 142.", "Japan had intervened to support the JPY in April-May as well as July this year, and risks of intervention are heightened if USD/JPY is to trade above 150 again."
- According to FXStreet on Wednesday, 21 August, "For support levels, the USD/JPY pair might navigate the region around the round numbers at 144.00 before 143.00 before a seven-month low of 141.69, which was recorded on August 5. ", "On the upside, the USD/JPY pair could encounter an immediate resistance at the downtrend line around the nine-day Exponential Moving Average (EMA) at the 146.80 level. "
- Usd/jpy price forecast: hovers around 145.20 post-fed minutes release. According to FXStreet on Wednesday, 21 August, "The USD/JPY trims some of its earlier gains after July’s Federal Reserve’s meeting minutes hinted the US central bank could ease policy as soon as September. ", "After falling to a seven-month low of 141.69, the USD/JPY recovered some ground and hit a two-week high of 149.39 before resuming its ongoing downtrend. "
- According to FXStreet on Wednesday, 21 August, "However, it also seems that the Peso is still very much driven by USD/JPY trends. ", "Given we’re bearish USD/JPY into September, this suggests more pain for the Peso."
More news about USD/CNH (USDCNH).
