(VIANEWS) – USD/CNH (USDCNH) has been up by 1.36% for the last 10 sessions. At 06:10 EST on Wednesday, 7 August, USD/CNH (USDCNH) is $7.19.
USD/CNH’s yearly highs and lows, it’s 0.478% up from its 52-week low and 0.058% 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
- According to FXStreet on Monday, 5 August, "The increasing risk aversion favoured further JPY-buying on Monday, thus sending USD/JPY briefly below the 142.00 region. "
- According to FXStreet on Monday, 5 August, "For the time being, however, expect the focus to remain on the likes of USD/JPY and USD/CHF – both of which could drop further. "
- According to FXStreet on Monday, 5 August, "At press time, USD/JPY is off the seven-month lows of 144.76, trading near 145.35, still down 0.83% on the day."
- According to FXStreet on Monday, 5 August, "This does seem to be the case with the one-year USD/JPY risk reversal going very bid for JPY calls.", "It is hard to argue with USD/JPY extending this correction to the 140 area - which we had seen as the outside risk last week."
- According to FXStreet on Monday, 5 August, "On the upside, the USD/JPY pair might encounter resistance around the nine-day Exponential Moving Average (EMA) at 150.13. "
More news about USD/CNH (USDCNH).
