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USD/CNH Is 2% Down In The Last 21 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 2.34% for the last 21 sessions. At 13:12 EST on Tuesday, 5 December, USD/CNH (USDCNH) is $7.15.

USD/CNH’s yearly highs and lows, it’s 0.073% up from its 52-week low and 0.135% down from its 52-week high.

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  • Usd/jpy analysis: strong oversold levels – 04 December 2023. According to DailyForex on Monday, 4 December, "In the long term, according to the performance on the daily chart, it appears that the USD/JPY currency pair is trading within a descending channel. ", "In the near term, and according to the performance on the hourly chart, it appears that the USD/JPY is trading within an ascending channel. "
  • According to FXStreet on Monday, 4 December, "The USD/JPY is stuck in place near 147.20, mostly flat in the early Tuesday market session. "
  • Usd/jpy gains as the US 10-year bond yield climb. According to FXStreet on Monday, 4 December, "The daily chart portrays the pair as neutral to downward biased, with the USD/JPY staying below the Kumo. ", "On the other hand, USD/JPY falling below the 147.00 figure could exacerbate a test of the September 11 low at 145.89, ahead of the September 1 daily low at 144.44."
  • According to FXStreet on Monday, 4 December, "Nevertheless, the fundamental backdrop suggests that the path of least resistance for the USD/JPY pair is to the downside. ", "The USD, on the other hand, draws some support from an uptick in the US Treasury bond yields and assists the USD/JPY pair to rebound around 50-60 pips from the 146.20 area."
  • According to FXStreet on Sunday, 3 December, "At the time of writing, the USD/JPY pair is trading around 146.43, down 0.32% on the day."

More news about USD/CNH (USDCNH).

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