(VIANEWS) – USD/CNH (USDCNH) has been up by 1.04% for the last 10 sessions. At 15:07 EST on Friday, 11 August, USD/CNH (USDCNH) is $7.26.
USD/CNH’s yearly highs and lows, it’s 0.382% up from its 52-week low and 0.029% 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 price analysis: Yuan pair extends pullback from 7.2370-80 monthly resistance after China inflation. According to FXStreet on Wednesday, 9 August, "Also challenging the short-term USD/CNH bears are the 21-DMA and a fortnight-long rising support line, respectively near 7.1815 and 7.1760.", "On the contrary, a daily closing beyond the aforementioned monthly horizontal resistance near 7.2370-80 could quickly propel the USD/CNH pair towards a descending trend line from late October 2022, surrounding 7.2730 by the press time."
- Usd/cnh ignores China tech woes above 7.2200 as pboc defends Yuan, US inflation eyed. According to FXStreet on Thursday, 10 August, "Although the failure to cross a one-month-old horizontal hurdle surrounding 7.2370-80 favors the USD/CNH bears, a fortnight-long support line, close to 7.2090 by the press time, restricts the downside of the Yuan pair."
More news about USD/CNH (USDCNH).
