USD/CNH Bearish Momentum: 1% Down In The Last 10 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 1% for the last 10 sessions. At 15:06 EST on Friday, 5 April, USD/CNH (USDCNH) is $7.25.

USD/CNH’s yearly highs and lows, it’s 0.12% up from its 52-week low and 0.095% down from its 52-week high.

News about

  • Eur/usd forex signal: stages a strong rebound but gains could be limited – 04 April 2024. According to DailyForex on Thursday, 4 April, "The EUR/USD pair continued its strong recovery as the US dollar index and bond yields tumbled following the closely-watched statement by Jerome Powell. "
  • Eur/usd price analysis: hovers near 1.0780 followed by 23.6% fibonacci retracement. According to FXStreet on Wednesday, 3 April, "Although a lagging indicator, this alignment indicates a confirmation of the bearish momentum for the EUR/USD pair.", "A break below this level could lead the EUR/USD pair to revisit the weekly low of 1.0724, followed by psychological support at the 1.0700 level."
  • Eur/usd forex signal: steady ahead of Jerome Powell speech – 03 April 2024. According to DailyForex on Wednesday, 3 April, "The EUR/USD rate drifted upwards on Tuesday even after some encouraging European inflation numbers. ", "The EUR/USD pair will next react to a statement by Jerome Powell and the upcoming ISM non-manufacturing PMI report.EUR/USD prediction"
  • Eur/usd analysis: rebound gains still weak – 04 April 2024. According to DailyForex on Thursday, 4 April, "This decline explains the recent retracement in EUR/USD exchange rates, but there are details in the report that suggest any weakness related to inflation will be limited. ", "Despite the announcement, there were opportunities for the EUR/USD to rebound higher. "
  • According to FXStreet on Friday, 5 April, "The US Dollar (USD) encountered downward pressure on Thursday due to weaker employment data from the United States (US), which supported the EUR/USD pair. "

More news about USD/CNH (USDCNH).

Leave a Reply

Your email address will not be published. Required fields are marked *