(VIANEWS) – USD/CNH (USDCNH) has been up by 1.67% for the last 21 sessions. At 08:06 EST on Monday, 10 April, USD/CNH (USDCNH) is $6.88.
USD/CNH’s yearly highs and lows, it’s 0.215% up from its 52-week low and 0.022% 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
- Usd/jpy drives to 132.50 as US employment data supports more rate hikes from fed. According to FXStreet on Monday, 10 April, "The USD/JPY pair has extended its recovery after a nominal correction to 132.50 in the Asian session amid hopes of further escalation in interest rates by the Federal Reserve (Fed). "
- Usd/jpy price analysis: bulls eye another battle with 50-dma hurdle surrounding 133.00. According to FXStreet on Monday, 10 April, "Even if the USD/JPY bears manage to conquer the 131.00 trend line support, the previous monthly low of around 129.65 can act as an extra filter towards the south ahead of directing the moves to the early 2023 bottom of 127.21.", "In a case where the USD/JPY pair remains firmer past 135.20, the Year-To-Date (YTD) high of 137.91 should lure the bulls before highlighting the 140.00 psychological magnet."
- Usd/jpy trims a part of intraday gains to four-day high, holds above 132.00 mark. According to FXStreet on Monday, 10 April, "Reviving bets for further policy tightening by the Federal Reserve (Fed) push the US Dollar (USD) higher for the fourth straight day, which turns out to be a key factor acting as a tailwind for the USD/JPY pair. ", "This week’s US economic docket also features the release of the latest consumer inflation figures and monthly retail sales data, which will play a key role in influencing the near-term USD price dynamics and determining the next leg of a directional move for the USD/JPY pair."
- Usd/jpy forecast: buying on dips against yen – 10 April 2023. According to DailyForex on Monday, 10 April, "Therefore, traders need to pay close attention to both the technical and fundamental factors - especially in the bond markets – that may affect the USD/JPY pair, as they determine the direction of the market.", "The USD/JPY pair has been hovering around the ¥131 level for some time now, as investors continue to ponder the Bank of Japan’s yield curve control measures."
More news about USD/CNH (USDCNH).
