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USD/CNH Bearish Momentum With A 1% Drop In The Last 21 Sessions

ViaNews Editorial Team

December 12, 2023

USD/CNH Bearish Momentum With A 1% Drop In The Last 21 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.7% for the last 21 sessions. At 13:12 EST on Tuesday, 12 December, USD/CNH (USDCNH) is $7.19.

USD/CNH's yearly highs and lows, it's 0.111% up from its 52-week low and 0.056% down from its 52-week high.

Previous days news about USD/CNH (USDCNH)

  • Usd/cnh advances above 7.1950 amid the overbought condition, US cpi, FOMC meeting eyed. According to FXStreet on Monday, 11 December, " According to the daily chart, USD/CNH holds above the 50- and 100-hour Exponential Moving Averages (EMAs), which means the path of least resistance for the pair is to the upside. ", "However, the overbought condition indicates that further consolidation cannot be ruled out before positioning for any near-term USD/CNH appreciation. "

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.

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