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

(VIANEWS) – USD/CNH (USDCNH) has been up by 1.71% for the last 10 sessions. At 03:06 EST on Monday, 22 January, USD/CNH (USDCNH) is $7.20.

USD/CNH’s yearly highs and lows, it’s 0.124% up from its 52-week low and 0.071% down from its 52-week high.

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  • According to FXStreet on Monday, 22 January, "Apart from this, the recent widening of the US-Japan rate differential suggests that the path of least resistance for the USD/JPY pair is to the upside.", "The said area could act as a pivotal point, which if broken decisively might prompt aggressive technical selling and drag the USD/JPY pair towards the 147.00 mark en route to the next relevant support near the 146.60-146.55 area."

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