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MarketFX

USD/CNH Bearish Momentum: 0.94% Down In The Last 10 Sessions

USD/CNH Bearish Momentum: 0.94% Down In The Last 10 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 0.94% for the last 10 sessions. At 12:06 EST on Wednesday, 3 April, USD/CNH (USDCNH) is $7.25.

USD/CNH's yearly highs and lows, it's 0.022% up from its 52-week low and 0.151% down from its 52-week high.

News about

  • According to FXStreet on Monday, 1 April, "This is closely followed by the 150.00 psychological mark, which, if broken decisively, might turn the USD/JPY pair vulnerable to accelerate the corrective decline further towards the 149.35-149.30 region en route to the 149.00 mark.", "Moreover, oscillators on the daily chart are holding comfortably in the positive territory and have also eased from overbought conditions, suggesting that the path of least resistance for the USD/JPY pair is to the upside. "
  • According to FXStreet on Tuesday, 2 April, "This acts as a tailwind for the buck and suggests that the path of least resistance for the USD/JPY pair is to the upside.", "This is closely followed by the 150.00 psychological mark, which, if broken decisively, might turn the USD/JPY pair vulnerable to accelerate the corrective decline further towards the 149.35-149.30 region before eventually dropping to the 149.00 mark."
  • Usd/jpy analysis: yen near 34-year low - 02 April 2024. According to DailyForex on Tuesday, 2 April, "Ultimately, the general bullish trend of the USD/JPY pair will remain in place until the reaction to the announcement of US job numbers at the end of the week.", "However, it must be considered that the upcoming gains of the USD/JPY pair will lead to a lot of talk about an imminent Japanese intervention in the markets to prevent further collapse. "
  • Usd/jpy analysis: Japan's currency comments - 03 April 2024. According to DailyForex on Wednesday, 3 April, "There is no change in our technical view on the performance of the USD/JPY currency pair. "
  • According to FXStreet on Wednesday, 3 April, "This is closely followed by the 150.00 psychological mark, which if broken decisively might turn the USD/JPY pair vulnerable to accelerate the corrective decline further towards the 149.35-149.30 region before eventually dropping to the 149.00 mark.", "The US Dollar (USD), on the other hand, is seen consolidating the previous day's retracement slide from a five-month top and contributes to the mildly offered tone surrounding the USD/JPY pair. "

More news about USD/CNH (USDCNH).

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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.