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

(VIANEWS) – USD/CNH (USDCNH) has been up by 1.51% for the last 5 sessions. At 03:06 EST on Wednesday, 3 April, USD/CNH (USDCNH) is $7.26.

USD/CNH’s yearly highs and lows, it’s 0.077% up from its 52-week low and 0.048% down from its 52-week high.

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  • According to FXStreet on Wednesday, 3 April, "The US Dollar (USD), on the other hand, is seen consolidating the previous day’s retracement slide from a five-month top and contributes to the mildly offered tone surrounding the USD/JPY pair. ", "This, in turn, suggests that the path of least resistance for the USD/JPY pair is to the upside. "
  • Usd/jpy analysis: yen near 34-year low – 02 April 2024. According to DailyForex on Tuesday, 2 April, "Commenting on the performance of the USD/JPY currency pair, Brad Bechtel, a forex analyst at Jefferies, said, "Authorities appear tense about the 152 level – which, on long-term charts, is a good resistance level." "I don’t think they would respond if the yen slowly moved through 152. ", "Ultimately, the general bullish trend of the USD/JPY pair will remain in place until the reaction to the announcement of US job numbers at the end of the week."
  • According to FXStreet on Tuesday, 2 April, "This acts as a tailwind for the buck and suggests that the path of least resistance for the USD/JPY pair is to the upside.", "This is closely followed by the 150.00 psychological mark, which, if broken decisively, might turn the USD/JPY pair vulnerable to accelerate the corrective decline further towards the 149.35-149.30 region before eventually dropping to the 149.00 mark."
  • Usd/jpy price analysis: hovers around 151.50, almost flat amid intervention threats. According to FXStreet on Tuesday, 2 April, "The USD/JPY remained capped at around 151.50 on Tuesday amid intervention threats from Japanese authorities. ", "The USD/JPY remains capped by the 152.00 figure, though technical support lies at the Tenkan-Sen at 151.12. "

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