(VIANEWS) – USD/CNH (USDCNH) has been up by 2.01% for the last 21 sessions. At 10:11 EST on Thursday, 22 August, USD/CNH (USDCNH) is $7.14.
USD/CNH’s yearly highs and lows, it’s 0.241% 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
- According to FXStreet on Thursday, 22 August, "According to Valeria Bednarik, FXStreet’s Chief Analyst, "The EUR/USD pair is technically overbought, yet there are no signs of a change in the dominant trend. ", "Ahead of the release, the EUR/USD pair is trading at its highest level since December 2023, above the 1.1100 mark. "
- Eur/usd: A run towards 1.1 near term is possible – scotiabank. According to FXStreet on Tuesday, 20 August, "The Euro (EUR) is showing a marginal loss on the day on the screens but EUR/USD has essentially moved sideways in a narrow range overnight as the market consolidates around the EUR’s highest point since the start of the year, Scotiabank’s Chief FX Strategist Shaun Osborne notes.", "While much attention falls on the Fed policy outlook as a driver of EUR/USD gains, the ECB cannot be overlooked. "
- Eur/usd holds below 1.1150 amid cautious mood, all eyes on FOMC minutes. According to FXStreet on Wednesday, 21 August, "The EUR/USD pair loses momentum around 1.1120, snapping the three-day winning streak during the early European session on Wednesday. "
- Eur/usd weakens below 1.1150 ahead of eurozone/us PMI data. According to FXStreet on Thursday, 22 August, "The EUR/USD pair trades with mild losses near 1.1145, snapping the four-day winning streak during the Asian session on Thursday. "
More news about USD/CNH (USDCNH).
