(VIANEWS) – USD/CNH (USDCNH) has been up by 3.06% for the last 21 sessions. At 07:07 EST on Monday, 26 June, USD/CNH (USDCNH) is $7.24.
USD/CNH’s yearly highs and lows, it’s 0.458% up from its 52-week low and 0.088% 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
- Eur/usd trades with a mild positive bias just above 1.0900, lacks follow-through. According to FXStreet on Monday, 26 June, "The US Dollar (USD) struggles to capitalize on its recovery gains registered over the past two days, from the lowest level since May 11, and meet with some supply on Monday, which, in turn, is seen lending some support to the EUR/USD pair. ", "Furthermore, HCOB’s flash Composite Eurozone PMI sank to a five-month low, which adds to worries about economic headwinds stemming from rising borrowing costs and contributes to keeping a lid on the EUR/USD pair."
- Eur/usd to recover from drop following weaker eurozone pmis – MUFG. According to FXStreet on Monday, 26 June, "The drop in EUR/USD by close to 1% on Friday highlighted the greater FX sensitivity to incoming economic data that increasingly influence short-term rate expectations. ", "In that context, the PCE inflation, ISM, NFP and CPI data from the US in the coming weeks will determine whether this EUR/USD drop extends further or recovers."
- Eur/usd pares recent losses around 1.0900 with eyes on eu/us inflation, ECB forum. According to FXStreet on Sunday, 25 June, "Failure to provide a daily closing below the 50-DMA, around 1.0870 by the press time, joins the nearly oversold RSI (14) line to trigger the EUR/USD pair’s bounce towards the 10-DMA hurdle of 1.0920.", "Even so, downbeat PMIs from Europe and Germany, versus not-so-disappointing activity data from the US, join the broad fears of recession to keep the EUR/USD bears hopeful."
- Eur/usd: weekly forecast 25th June – 1st July – 25 June 2023. According to DailyForex on Sunday, 25 June, "Trading in the EUR/USD could see additional volatility, however, and traders should have full risk management working because behavioral sentiment could prove extremely nervous if ‘noise’ hits via the Russia situation or surprisingly bad economic results again from Germany.", "While some technical traders may not believe fundamentals could impact the EUR/USD in such a significant manner, the results from Friday’s downturn seem to be more than a mere support level proving vulnerable.EUR/USD Price Velocity Downwards may have blown through Stop Losses"
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