USD/CNH Bearish Momentum: 0.84% Down In The Last 5 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 0.84% for the last 5 sessions. At 20:06 EST on Thursday, 2 May, USD/CNH (USDCNH) is $7.20.

USD/CNH’s yearly highs and lows, it’s 0.047% up from its 52-week low and 0.033% 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 drops to near 1.0650 ahead of fed policy. According to FXStreet on Wednesday, 1 May, "Additionally, hawkish remarks from Fed officials, signaling no immediate need for rate cuts, undermined the EUR/USD pair."
  • Eur/usd finds support near 1.0650, downside remains favored ahead of fed policy. According to FXStreet on Wednesday, 1 May, "The EUR/USD pair finds a provisional support near 1.0650 in Wednesday’s European session. "

More news about USD/CNH (USDCNH).

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