USD/CNH Bearish Momentum With A 3% Fall In The Last 21 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 3.18% for the last 21 sessions. At 17:09 EST on Monday, 6 March, USD/CNH (USDCNH) is $6.95.

USD/CNH’s yearly highs and lows, it’s 0.611% up from its 52-week low and 0.063% down from its 52-week high.

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  • Eur/usd price analysis: 100-sma probes buyers amid sluggish start to the key week. According to FXStreet on Monday, 6 March, "In a case where EUR/USD drops below 1.0480, the late November low near 1.0290 and the monthly bottom of 1.0222 will be in focus.", "It’s worth noting that the EUR/USD pair’s run-up beyond the 1.0650 hurdle isn’t an open invitation for the quote’s rally as the 200-SMA and a two-month-long horizontal resistance area could check the pair’s further upside, respectively near 1.0745 and 1.0760-65."
  • Eur/usd forex signal: to recoil ahead of powell testimony – 06 March 2023. According to DailyForex on Monday, 6 March, "The EUR/USD price pulled back ahead of a relatively busy market week in the financial market. ", "The EUR/USD pair drifted upwards as concerns about the Federal Reserve continued. "
  • Eur/usd probably ends March in the 1.07/1.08 area – ING. According to FXStreet on Monday, 6 March, "The tough ECB talk has kept the EUR:USD interest rate differential supported at the short end of the market and firmed up the 1.05 support zone for EUR/USD this month. "
  • Eur/usd grinds higher past 1.0600 ahead of eurozone retail sales, focus on fed chair powell, US NFP. According to FXStreet on Monday, 6 March, "Apart from the EU-US catalysts, headlines from China’s annual session of the National People’s Congress (NPC) appear important and recently weigh on the risk profile, as well as the EUR/USD price. ", "Furthermore, fears from China and Russia also probe the sentiment and weigh on the EUR/USD prices."

More news about USD/CNH (USDCNH).

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