(VIANEWS) – USD/CNH (USDCNH) has been up by 1.62% for the last 10 sessions. At 20:06 EST on Thursday, 10 October, USD/CNH (USDCNH) is $7.08.
USD/CNH’s yearly highs and lows, it’s 0.071% up from its 52-week low and 0.013% 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 Wednesday, 9 October, "This, along with the fact that oscillators on the daily chart have been gaining positive traction, suggests that the path of least resistance for the USD/JPY pair is to the upside. ", "The Japanese Yen (JPY) attracted some intraday sellers on Tuesday and assisted the USD/JPY pair to stall its modest pullback from the highest level since August, which was touched the previous day. "
- Usd/jpy price forecast: surges above 149.00 sponsored by elevates US yields. According to FXStreet on Wednesday, 9 October, "The USD/JPY is neutral to upward biased after clearing key resistance levels like the 50-day moving average (DMA) and entering the Ichimoku Cloud (Kumo).", "On the other hand, sellers will need to drive the USD/JPY below the latest cycle low according to the daily chart, being the October 8 low of 147.35. "
- According to FXStreet on Thursday, 10 October, "Apart from this, the risk-on impulse undermined demand for the safe-haven JPY, which, along with a fresh wave of the US Dollar (USD) buying, pushed the USD/JPY pair to the 149.35 region, or its highest level since mid-August.", "This, in turn, should help limit the downside for the USD/JPY pair near the 148.00 round figure. "
- Usd/jpy can remain sensitive to US rates – DBS. According to FXStreet on Thursday, 10 October, "With speculative positioning still not deeply short, intervention does not appear to be an imminent risk, and USD/JPY could remain sensitive to US rates for now."
More news about USD/CNH (USDCNH).
