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

ViaNews Editorial Team

September 27, 2024

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

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.38% for the last 10 sessions. At 01:06 EST on Friday, 27 September, USD/CNH (USDCNH) is $7.00.

USD/CNH's yearly highs and lows, it's 0.426% up from its 52-week low and 0.056% 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

  • Eur/usd gathers strength to near 1.1200 as risk appetite rebounds. According to FXStreet on Wednesday, 25 September, "The EUR/USD pair extends upside to near 1.1195 on Wednesday during the Asian trading hours. "
  • According to FXStreet on Wednesday, 25 September, "There is very little on the European calendar today, so EUR/USD range trading looks likely. ", "But the fact that EUR/USD is holding above 1.1100 is encouraging for modest EUR/USD bulls like ourselves."
  • Eur/usd rebounds on Thursday after midweek pullback. According to FXStreet on Thursday, 26 September, "Bidders are struggling to muscle EUR/USD back into the high end, but a lack of meaningful momentum in the hands of sellers is limiting options for a downside swing."

More news about USD/CNH (USDCNH).

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ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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