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USD/CNH Bullish Momentum With A 1% Jump In The Last 10 Sessions

USD/CNH Bullish Momentum With A 1% Jump In The Last 10 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.69% for the last 10 sessions. At 15:08 EST on Sunday, 14 April, USD/CNH (USDCNH) is $7.26.

USD/CNH's yearly highs and lows, it's 0% down from its 52-week low and 0% down from its 52-week high.

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  • According to FXStreet on Friday, 12 April, "This turns out to be another factor acting as a tailwind for the USD/JPY pair, though bulls seem reluctant to place aggressive bets amid the recent verbal warnings from Japanese officials that they would intervene in the markets to stem any further JPY weakness. ", "The said handle should now act as a strong base for the USD/JPY pair, which, if broken decisively, might prompt some profit-taking and pave the way for a slide towards the 151.40 intermediate support en route to the 151.00 round figure. "
  • Usd/jpy declines after weak US data, buyers take profits. According to FXStreet on Friday, 12 April, "On the daily chart, the USD/JPY pair reveals a sustained trend in positive territory on the Relative Strength Index (RSI). "

More news about USD/CNH (USDCNH).

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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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