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USD/CNH Bullish Momentum: 0.93% Up In The Last 10 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 0.93% for the last 10 sessions. At 01:08 EST on Thursday, 25 April, USD/CNH (USDCNH) is $7.27.

USD/CNH’s yearly highs and lows, it’s 0.065% up from its 52-week low and 0.074% 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).

News about

  • According to FXStreet on Tuesday, 23 April, "The USD/JPY pair is trading at 154.75, losing 0.06% on the day at the time of writing."
  • Usd/jpy extends upside to 155.00 amid caution ahead of US data, boj policy. According to FXStreet on Wednesday, 24 April, "The USD/JPY pair advances to historic highs of 155.00 in Wednesday’s London session. "
  • Usd/jpy finds its highest bids since 1990, approaches 156.00. According to FXStreet on Wednesday, 24 April, "With the pair hitting its highest bids in over three decades, USD/JPY is on pace to close in the green for a fourth consecutive month. ", "The pair is up nearly 6% from the last swing low near 146.50 in March, and USD/JPY has climbed almost 8% since crossing the 200-day Exponential Moving Average (EMA) at the beginning of 2024."
  • According to FXStreet on Tuesday, 23 April, "The US Dollar (USD), on the other hand, remains well within the striking distance of its highest level since November set last week amid hawkish Fed expectations and turns out to be another factor acting as a tailwind for the USD/JPY pair. ", "From a technical perspective, the Relative Strength Index (RSI) is still flashing overbought conditions on the daily chart and holding back the USD/JPY pair from placing fresh bets. "
  • According to FXStreet on Wednesday, 24 April, "Apart from that, Japan has raised bar for USD/JPY where the administration could do a stealth intervention has also weighed on the Japanese Yen. "

More news about USD/CNH (USDCNH).

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