(VIANEWS) – USD/CNH (USDCNH) has been up by 1.77% for the last 21 sessions. At 19:06 EST on Wednesday, 30 August, USD/CNH (USDCNH) is $7.30.
USD/CNH’s yearly highs and lows, it’s 0.064% up from its 52-week low and 0% down from its 52-week high.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/CNH’s Forex is considered to be oversold (<=20).
Previous days news about USD/CNH (USDCNH)
- Usd/cnh price analysis: Yuan buyers flex muscles around 7.2800 on China stimulus. According to FXStreet on Monday, 28 August, "However, the 50-DMA and an ascending support line from late March, respectively near 7.2260 and 7.1920, can challenge the USD/CNH bears afterward.", "On the contrary, a daily closing beyond the 10-DMA level surrounding 7.3020 can propel the USD/CNH price towards the five-month-old support-turned-resistance line of near 7.3160."
- Usd/cnh price analysis: traders seem non-committed, 7.2700 holds the key for bulls. According to FXStreet on Tuesday, 29 August, "The USD/CNH pair struggles to gain any meaningful traction on Tuesday and oscillates in a narrow band, around the 7.2900 mark through the Asian session.", "The People’s Bank of China (PBoC) has been persistently setting stronger-than-expected daily-mid-points for the Chinese Yuan, which, along with a modest US Dollar (USD) weakness, act as a headwind for the USD/CNH pair. "
More news about USD/CNH (USDCNH).
