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

(VIANEWS) – USD/CNH (USDCNH) has been up by 1.61% for the last 10 sessions. At 15:08 EST on Monday, 26 February, USD/CNH (USDCNH) is $7.21.

USD/CNH’s yearly highs and lows, it’s 0.131% up from its 52-week low and 0.021% down from its 52-week high.

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  • According to FXStreet on Monday, 26 February, "This is followed by last week’s swing low, around the 149.70-149.65 region, which if broken could drag the USD/JPY pair further towards the 149.35-149.30 horizontal support en route to the 149.00 mark. ", "Given that oscillators on the daily chart are holding comfortably in the positive territory and are still away from being in the overbought zone, the USD/JPY pair might then climb to the 151.45 hurdle. "
  • Usd/jpy could surge beyond 150.90 February high on easing price pressures in Japan – ING. According to FXStreet on Monday, 26 February, "This may well prompt markets to price out a June hike and add buying pressure to USD/JPY beyond the 150.90 February highs and potentially test the 151.00/152.00 November highs."
  • Usd/jpy analysis: amid an important trading week – 26 February 2024. According to DailyForex on Monday, 26 February, "Currently, the price of the USD/JPY pair has risen to trade at a few levels above the 100-hour moving average line. ", "In the near term, and according to the performance on the hourly chart, it appears that the USD/JPY pair is trading within an ascending channel. "
  • Usd/jpy approaches 151.00 ahead of US core pce, Japan’s inflation data. According to FXStreet on Monday, 26 February, "The USD/JPY pair marches toward the crucial resistance of 151.00 in the early New York session. "

More news about USD/CNH (USDCNH).

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