(VIANEWS) – USD/CNH (USDCNH) has been up by 1.42% for the last 10 sessions. At 07:06 EST on Tuesday, 23 April, USD/CNH (USDCNH) is $7.26.
USD/CNH’s yearly highs and lows, it’s 0.232% up from its 52-week low and 0.019% 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 overbought (>=80).
News about
- According to FXStreet on Sunday, 21 April, "The USD/JPY pair is trading at 154.62, losing 0.01% on the day at the time of writing."
- 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 Tuesday, 23 April, "Slowing trend inflation measure could pour cold water on the next BoJ rate hike bets, as USD/JPY reverts toward the multi-decade highs of 154.85 reached during early Asian hours."
- According to FXStreet on Monday, 22 April, "Apart from this, important US macro releases - the Advance Q1 GDP on Thursday and the Personal Consumption Expenditures (PCE) Price Index on Friday - will determine the near-term trajectory for the USD/JPY pair.", "That said, oscillators on the daily chart are flashing overbought conditions and capping the upside for the USD/JPY pair. "
More news about USD/CNH (USDCNH).
