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

ViaNews Editorial Team

January 15, 2024

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

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.52% for the last 21 sessions. At 17:08 EST on Monday, 15 January, USD/CNH (USDCNH) is $7.18.

USD/CNH's yearly highs and lows, it's 0.084% up from its 52-week low and 0.154% down from its 52-week high.

News about

  • Usd/jpy will struggle to hold above 146/147 levels – ING. According to FXStreet on Monday, 15 January, "We think 152 probably was the top for USD/JPY and it will struggle to hold above 146/147 levels now. "
  • Usd/jpy climbs in light trading and faces resistance at around 146.00. According to FXStreet on Monday, 15 January, "The USD/JPY climbed late in the North American session on Monday amid low volume conditions as the United States (US) financial markets remained closed on Martin Luther King Day. ", "The daily chart portrays the pair at the brisk of shifting bullish, as the USD/JPY spot price is near the bottom of the Ichimoku Cloud (Kumo). "
  • Usd/jpy holds above 145.00 despite weaker US dollar. According to FXStreet on Monday, 15 January, "The USD/JPY pair gained traction above the 145.00 mark during the early Asian session on Monday. ", "Traders will take cues from these figures and find trading opportunities around the USD/JPY pair."
  • 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. "

More news about USD/CNH (USDCNH).

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.