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USD/CNH Bearish Momentum With A 1% Fall In The Last 10 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 1.28% for the last 10 sessions. At 19:09 EST on Tuesday, 16 January, USD/CNH (USDCNH) is $7.22.

USD/CNH’s yearly highs and lows, it’s 0.029% up from its 52-week low and 0.019% down from its 52-week high.

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  • Usd/jpy forecast: usd/jpy continues to see volatility on Friday – 15 January 2024. According to DailyForex on Monday, 15 January, "Despite this setback, there are several crucial factors to consider in the USD/JPY currency pair.", "At the end of the day, the USD/JPY currency pair experienced a downturn in response to the weaker PPI data. "
  • According to FXStreet on Monday, 15 January, "In Japan, the release of Producer Prices should shed extra details on the inflationary scenario in the country, while USD/JPY managed to reverse two sessions of losses and revisit the proximity of the 146.00 barrier on Monday."
  • Usd/jpy analysis: moving inside an upward channel – 15 January 2024. According to DailyForex on Monday, 15 January, "In the near term, and according to the performance on the hourly chart, it appears that the USD/JPY currency pair is trading within a descending channel. ", "In the long term, and according to the performance on the daily chart, it appears that the USD/JPY currency pair is trading within an upward channel. "
  • Usd/jpy gathers strength under the 146.00 barrier on the renewed US dollar demand. According to FXStreet on Tuesday, 16 January, "The USD/JPY pair holds positive ground below the 146.00 barrier during the early Asian session on Tuesday. "
  • Usd/jpy analysis: completing the upward bounce – 16 January 2024. According to DailyForex on Tuesday, 16 January, "On the other hand, bullish expectations will be affected if the USD/JPY pair price returns below the support at 144.20. "

More news about USD/CNH (USDCNH).

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