(VIANEWS) – USD/CNH (USDCNH) has been up by 6.01% for the last 21 sessions. At 19:10 EST on Tuesday, 28 March, USD/CNH (USDCNH) is $6.88.
Usd/cnh: lack of optimism in China favor bulls above 6.8800 despite softer US dollar
Moving on, the US Conference Board’s (CB) Consumer Confidence for March, as well as the second-tier housing and activity data, can direct intraday moves of the USD/CNH pair. , It’s worth observing that the risk-native headlines surrounding China and Russia put a floor under the USD/CNH prices.
USD/CNH’s yearly highs and lows, it’s 0.036% up from its 52-week low and 0.039% 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 oversold (<=20).
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