USD/CNH Bullish Momentum With A 2% Jump In The Last 21 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 2.24% for the last 21 sessions. At 20:10 EST on Tuesday, 30 May, USD/CNH (USDCNH) is $7.09.

USD/CNH’s yearly highs and lows, it’s 0.023% up from its 52-week low and 0.048% 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).

Previous days news about USD/CNH (USDCNH)

  • Usd/cnh renews yearly top beyond 7.1000 as US dollar stays market’s favorite amid dicey asian session. According to FXStreet on Tuesday, 30 May, "Additionally, the US-China woes also underpin the market’s rush toward the US Dollar and propel the USD/CNH price. ", "On the other hand, the monetary policy divergence between the People’s Bank of China’s (PBOC) dovish outlook and the hawkish concerns about the Fed offer additional strength to the USD/CNH price."

More news about USD/CNH (USDCNH).

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