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USD/CNH Bearish By 2% In The Last 21 Sessions

ViaNews Editorial Team

December 5, 2023

USD/CNH Bearish By 2% In The Last 21 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 2.33% for the last 21 sessions. At 00:11 EST on Tuesday, 5 December, USD/CNH (USDCNH) is $7.15.

USD/CNH's yearly highs and lows, it's 0.402% up from its 52-week low and 0.07% down from its 52-week high.

News about

  • According to FXStreet on Sunday, 3 December, "At the time of writing, the USD/JPY pair is trading around 146.43, down 0.32% on the day."
  • According to FXStreet on Monday, 4 December, "A subsequent break and close below the 100-day Simple Moving Average (SMA) on Friday further validates the near-term negative outlook for the USD/JPY pair. ", "This, in turn, should cap the USD/JPY pair near the 100-day SMA support breakpoint, currently pegged near the 147.30-147.35 region. "
  • Usd/jpy analysis: strong oversold levels - 04 December 2023. According to DailyForex on Monday, 4 December, "In the long term, according to the performance on the daily chart, it appears that the USD/JPY currency pair is trading within a descending channel. ", "Recently, the USD/JPY currency pair is trading affected by the results of the latest economic data, as the Jibun Bank of Japan's manufacturing PMI for November exceeded the expected reading of 48.1 with a reading of 48.3. "

More news about USD/CNH (USDCNH).

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.