(VIANEWS) - USD/CNH (USDCNH) has been up by 2.6% for the last 21 sessions. At 23:09 EST on Thursday, 15 June, USD/CNH (USDCNH) is $7.14.
USD/CNH's yearly highs and lows, it's 0.296% up from its 52-week low and 0.064% 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).
Previous days news about USD/CNH (USDCNH)
- Usd/cnh price analysis: Yuan bears take a breather at 6.5-month low within channel pattern, fed eyed. According to FXStreet on Wednesday, 14 June, "In a case where the USD/CNH drops below 7.1350, the previous resistance line stretched from late April, close to 7.0680, will precede a two-month-old rising support line, surrounding 7.0570 as we write, to please the offshore Chinese Yuan buyers.", "On the flip side, USD/CNH run-up needs validation from the latest high of around 7.1788, as well as the 7.1800 round figure."
- Usd/cnh jumps past 7.1900 to refresh yearly top on downbeat China data, hawkish fed halt. According to FXStreet on Thursday, 15 June, "Looking ahead, the Fed has already highlighted the importance of each incoming data for decision-making, which in turn emphasizes today's United States Retail Sales for May and other mid-tier activity data, as well as the weekly Jobless Claims for the USD/CNH watchers.", "Elsewhere, fears of labor strikes in China, as per a Researcher at Hong Kong-based rights group China Labour Bulletin (CLB), also propel the USD/CNH price."
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