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USD/CNH Bearish By 1% In The Last 10 Sessions

USD/CNH Bearish By 1% In The Last 10 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.6% for the last 10 sessions. At 07:07 EST on Wednesday, 20 March, USD/CNH (USDCNH) is $7.21.

USD/CNH's yearly highs and lows, it's 0.036% up from its 52-week low and 0.053% down from its 52-week high.

News about

  • According to FXStreet on Monday, 18 March, "At the time of writing, USD/JPY is consolidating its latest uptick near 149.15, adding 0.09% so far."
  • Any big hawkish surprise from fed chair powell could push usd/jpy beyond its 2022 high at 151.90 – TDS. According to FXStreet on Tuesday, 19 March, "USD/JPY is now hostage to the FOMC decision on Wednesday and any big hawkish surprise from Powell could push USD/JPY beyond its 2022 high at 151.90 which may invoke some strong verbal interventions from the MoF."
  • According to FXStreet on Tuesday, 19 March, "From a technical perspective, the USD/JPY pair is holding above the 61.8% Fibonacci retracement level of the February-March downfall and seems poised to climb further. ", "Apart from this, a modest US Dollar (USD) strength, bolstered by reduced bets for steep interest rate cuts by the Federal Reserve (Fed), lifts the USD/JPY pair closer to mid-149.00s."
  • Usd/jpy holds strength above 149.00 ahead of boj-fed policy decisions. According to FXStreet on Monday, 18 March, "The USD/JPY pair exhibits strength above the crucial support of 149.00 in the early New York session. "
  • According to FXStreet on Monday, 18 March, "Given that oscillators on the daily chart have just started gaining positive traction, the USD/JPY pair seems poised to appreciate further towards the 149.75-149.80 horizontal resistance. ", "This is followed by the 148.00 round figure, below which the USD/JPY pair could accelerate the slide towards the 100-day Simple Moving Average (SMA), currently pegged near the 147.65 region. "

More news about USD/CNH (USDCNH).

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