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

(VIANEWS) – USD/CNH (USDCNH) has been up by 1.05% for the last 10 sessions. At 02:06 EST on Friday, 5 April, USD/CNH (USDCNH) is $7.24.

USD/CNH’s yearly highs and lows, it’s 0.021% up from its 52-week low and 0.112% down from its 52-week high.

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  • Usd/jpy price analysis: treads water around 151.70; next barrier at nine-day EMA. According to FXStreet on Thursday, 4 April, "A breakthrough above this level could support further upward movement, potentially allowing the USD/JPY pair to explore the region around the major level of 152.50.", "A breach below the latter level might exert downward pressure on the USD/JPY pair, potentially leading to a test of the psychological mark of 151.00 before reaching the 23.6% Fibonacci retracement level of 150.67."
  • According to FXStreet on Thursday, 4 April, "From a technical perspective, the USD/JPY pair has been oscillating in a range over the past two weeks or so. ", "This, along with a fresh leg up in the equity markets, should keep a lid on any meaningful appreciating move for the safe-haven JPY and limit the downside for the USD/JPY pair. "
  • According to FXStreet on Friday, 5 April, "This is closely followed by the 150.00 psychological mark, which, if broken decisively, will be seen as a fresh trigger for bearish traders and drag the USD/JPY pair towards the 149.35-149.30 region en route to the 149.00 mark.", "A sustained strength beyond, however, might trigger a fresh bout of a short-covering move and lift the USD/JPY pair towards the 153.00 round figure."
  • 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. "
  • Usd/jpy analysis: data contradictions and central banks affect wagers – 04 April 2024. According to DailyForex on Thursday, 4 April, "While the USD/JPY trades at the upper elements of its highest values early today, traders are bracing for the Non-Farm Employment Change numbers which will be published tomorrow and cause certain volatility in the USD/JPY. ", "S jobs data, because the USD/JPY will see the price range widen significantly as the data gets set to be published and afterwards.USD/JPY Short Term Outlook:"

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