(VIANEWS) – USD/CNH (USDCNH) has been up by 1.78% for the last 5 sessions. At 17:06 EST on Sunday, 6 October, USD/CNH (USDCNH) is $7.10.
USD/CNH’s yearly highs and lows, it’s 0.016% up from its 52-week low and 0.014% 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
- Usd/jpy consolidates below 147.00, awaits US NFP report before the next leg up. According to FXStreet on Friday, 4 October, "Furthermore, reduced bets for more BoJ rate hikes in 2024, along with the political uncertainty ahead of a snap election in Japan on October 27, could undermine the Japanese Yen (JPY) and act as a tailwind for the USD/JPY pair.", "The USD/JPY pair is seen oscillating in a narrow range during the Asian session on Friday and consolidating its weekly gains to the highest level since August 19 touched the previous day. "
- According to FXStreet on Friday, 4 October, "At the time of writing, USD/JPY has paused its renewed downside, trading at around 146.65, still losing 0.18% on the day."
- According to FXStreet on Friday, 4 October, "However, the downside of the USD/JPY pair could be limited as the Japanese Yen may struggle due to the waning likelihood of further rate hikes by the Bank of Japan. ", "In terms of downside, the USD/JPY pair may find support at the nine-day Exponential Moving Average (EMA) around 144.97, followed by the lower boundary of the ascending channel at 143.60. "
- Usd/jpy price forecast: skyrockets and climbs above 148.00. According to FXStreet on Friday, 4 October, "The USD/JPY rallied sharply inside the Ichimoku cloud (Kumo) after the US Bureau of Labor Statistics (BLS)revealed that the latest jobs report added over 254K employees to the workforce. ", "The Relative Strength Index (RSI) is bullish, aiming upwards, suggesting further upside is seen in the USD/JPY pair."
More news about USD/CNH (USDCNH).
