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

(VIANEWS) – USD/CNH (USDCNH) has been up by 1.93% for the last 10 sessions. At 06:12 EST on Wednesday, 31 January, USD/CNH (USDCNH) is $7.19.

USD/CNH’s yearly highs and lows, it’s 0.067% up from its 52-week low and 0.054% down from its 52-week high.

Previous days news about USD/CNH (USDCNH)

  • Usd/cnh price analysis: refreshes daily top near 7.1885-90, seems poised to climb further. According to FXStreet on Tuesday, 30 January, "From a technical perspective, the USD/CNH pair showed resilience below the 7.1870-7.1865 confluence and for now, seems to have stalled the overnight pullback from the 61.8% Fibonacci retracement level of the downfall from a two-month top touched on January 17. ", "The USD/CNH pair attracts some dip-buying near the 7.1810-7.1805 area during the Asian session on Tuesday and climbs to a fresh daily peak in the last hour. "
  • Usd/cnh can gravitate around the 7.2000 area – ING. According to FXStreet on Tuesday, 30 January, "While local policymakers will be glad that USD/CNH has reversed from the 7.3000/7.3500 area - breaking a ‘sell-China’ mindset - they will not want the Renminbi to rally too much either. ", "This tends to suggest that USD/CNH can gravitate around the 7.2000 area and that Asian FX will continue in its very sluggish start to 2024."

More news about USD/CNH (USDCNH).

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