(VIANEWS) – USD/CNH (USDCNH) has been up by 1.37% for the last 10 sessions. At 05:11 EST on Wednesday, 16 October, USD/CNH (USDCNH) is $7.13.
USD/CNH’s yearly highs and lows, it’s 0.062% up from its 52-week low and 0.211% 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).
News about
- According to FXStreet on Tuesday, 15 October, "This might help limit the downside for the USD/JPY pair near the 148.55-148.50 region. ", "Hence, any meaningful downfall in the USD/JPY pair might be seen as a buying opportunity and is likely to remain limited."
- Usd/jpy price forecast: dips towards 149.00 on falling US yields. According to FXStreet on Tuesday, 15 October, "The daily chart suggests the USD/JPY is aimed steadily higher, though it is neutral to upward biased.", "If USD/JPY falls below 149.00, the Tenkan-Sen at 147.95 emerges as the first line of defense for bulls. "
- Usd/jpy: trades with a downside bias – DBS. According to FXStreet on Monday, 14 October, "The 2Y and 10Y bond differentials between USTs and JGBs suggest that USD/JPY should be lower around 138-141."
- Usd/jpy price forecast: hits two-month peak near 150.00. According to FXStreet on Monday, 14 October, "Conversely, if USD/JPY falls beneath the 149.50 mark, this could sponsor a test of the 149.00 mark. ", "The USD/JPY daily chart is neutral to upward biased after clearing key support levels."
- According to FXStreet on Wednesday, 16 October, "Some follow-through selling, however, could make the USD/JPY pair vulnerable to weaken further below the 148.00 round figure and test last week’s swing low, around the 147.35 area. ", "This further assists the USD/JPY pair to hold steady around the 149.00 mark and warrants caution for the JPY bulls."
More news about USD/CNH (USDCNH).
