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USD/CNH Bullish By 1% In The Last 5 Sessions

USD/CNH Bullish By 1% In The Last 5 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.5% for the last 5 sessions. At 13:07 EST on Friday, 29 March, USD/CNH (USDCNH) is $7.26.

USD/CNH's yearly highs and lows, it's 0.304% up from its 52-week low and 0.117% down from its 52-week high.

News about

  • Eur/usd holds ground amid ECB dovish signals. According to FXStreet on Wednesday, 27 March, "The fall of US Treasury bond yields kept the EUR/USD from diving below 1.0800, which could have opened the door for further losses.", "The EUR/USD break below the 200-day moving average (DMA) at 1.0836 cleared the path to challenge 1.0800, but thin volumes kept the exchange rate above 1.0810 the day's low. "
  • Eur/usd forex signal: bears are still in control - 27 March 2024. According to DailyForex on Wednesday, 27 March, "The EUR/USD pair pulled back slightly after the weak US consumer confidence report. ", "The EUR/USD pair crashed to a low of 1.0800 on Friday and then rebounded to 1.0865 on Monday. "
  • Eur/usd remains depressed on stronger usd, manages to hold above 1.0800 mark. According to FXStreet on Wednesday, 27 March, "The EUR/USD pair extends the previous day's rejection slide from the 100-day Simple Moving Average (SMA) resistance near the 1.0865 region and remains under some selling pressure for the second straight day on Wednesday. ", "This, along with a softer risk tone, underpins the safe-haven buck and exerts some pressure on the EUR/USD pair."
  • Eur/usd analysis: tight range trading - 27 March 2024. According to DailyForex on Wednesday, 27 March, "The EUR/USD exchange rate will be in focus as traders wonder whether last Friday's break below the 200-day moving average was a temporary move or one with legs. ", "The price of the EUR/USD pair formed higher lows connected to the downtrend line, which remained intact throughout the month. "
  • Eur/usd price analysis: the potential support level is located near 1.0800. According to FXStreet on Wednesday, 27 March, "The encouraging US economic data and the high-for-longer rate narrative from the Federal Reserve (Fed) provide some support to the US Dollar (USD) and drag the EUR/USD lower. ", "The EUR/USD pair trades in negative territory for two straight days near 1.0830 on Wednesday during the early European trading hours. "

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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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