(VIANEWS) – USD/CNH (USDCNH) has been up by 0.92% for the last 10 sessions. At 09:06 EST on Wednesday, 2 October, USD/CNH (USDCNH) is $7.02.
USD/CNH’s yearly highs and lows, it’s 0.278% up from its 52-week low and 0.127% 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).
News about
- Eur/usd price forecast: flat lines below 1.1200 ahead of German consumer inflation data. According to FXStreet on Monday, 30 September, "On the flip side, weakness below the 1.1125-1.1120 immediate support could drag the EUR/USD pair below the 1.1100 mark, towards testing last week’s swing low, around the 1.1085-1.1080 zone. ", "This makes it prudent to wait for a sustained breakout through the aforementioned short-term trading range before confirming and positioning for the next leg of a directional move for the EUR/USD pair."
- Eur/usd declines after inflation miss, strong US jobs data, safe-haven flows. According to FXStreet on Wednesday, 2 October, "The main releases likely to impact EUR/USD on Wednesday are the Eurozone Unemployment Rate for August; US ADP Employment Change data for September and comments from Federal Reserve (Fed) officials, including Fed Governor Michelle Bowman and Richmond Fed President Thomas Barkin."
- Eur/usd flat lines below mid-1.1100s ahead of eurozone cpi, US macro data. According to FXStreet on Tuesday, 1 October, "The EUR/USD pair struggles to gain any meaningful traction following the previous day’s pullback from the vicinity of the 14-month peak - levels just above the 1.1200 mark and oscillates in a narrow band during the Asian session on Tuesday. ", "Conversely, the reaction to a higher reading is likely to remain limited amid a modest US Dollar (USD) strength, suggesting that the path of least resistance for the EUR/USD pair is to the upside."
More news about USD/CNH (USDCNH).
