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USD/CNH Bearish Momentum With A 2% Fall In The Last 21 Sessions

ViaNews Editorial Team

February 27, 2023

USD/CNH Bearish Momentum With A 2% Fall In The Last 21 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 2.76% for the last 21 sessions. At 03:08 EST on Monday, 27 February, USD/CNH (USDCNH) is $6.98.

USD/CNH's yearly highs and lows, it's 0.215% up from its 52-week low and 0.166% down from its 52-week high.

News about

  • Eur/usd eyes more downside below 1.0540 as US PCE propels hawkish fed bets. According to FXStreet on Sunday, 26 February, "The EUR/USD pair is juggling in a narrow range above 1.0540 in the early Asian session. "
  • Eur/usd skates on thin ice around 1.0550 amid hawkish ECB talks, higher fed rate concerns. According to FXStreet on Monday, 27 February, "It should be noted that the previous weekly releases of the Eurozone inflation numbers have also tried to recall the EUR/USD buyers. ", "Given the nearly oversold RSI (14), the EUR/USD bears are likely to rest near the 11-week-old ascending support line, close to 1.0545 by the press time. "
  • Eur/usd price analysis: looks set for a breakdown below 1.0540. According to FXStreet on Monday, 27 February, "The EUR/USD pair is displaying a lackluster performance around 1.0550 in the Asian session. "
  • Eur/usd bears flex muscles above 1.0500 ahead of US durable goods orders. According to FXStreet on Monday, 27 February, "Moving ahead, the start of the U.N. Human Rights Council session in Geneva becomes crucial for the EUR/USD pair watchers ahead of the US Durable Goods Orders for January, expected -4.0% versus 5.6% prior. ", "An 11-week-old ascending support line joins the 200-bar Exponential Moving Average (EMA) to highlight the 1.0540-30 as the key support for the EUR/USD bears to watch during the quote's further downside. "

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.

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