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MarketFX

USD/CNH Went Down By Over 1% In The Last 10 Sessions

USD/CNH Went Down By Over 1% In The Last 10 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.65% for the last 10 sessions. At 20:09 EST on Thursday, 29 February, USD/CNH (USDCNH) is $7.21.

USD/CNH's yearly highs and lows, it's 0.047% up from its 52-week low and 0.004% down from its 52-week high.

News about

  • Eur/usd mixed on Wednesday but pointed downward. According to FXStreet on Wednesday, 28 February, "Daily candlesticks remain hamstrung on the 200-day Simple Moving Average (SMA) near 1.0830, and the EUR/USD continues to drift into median bids despite a bullish recovery from the last swing low into 1.0700. "
  • Eur/usd hits fresh weekly low around 1.0800 on broad-based USD strength. According to FXStreet on Wednesday, 28 February, "The said area should act as a key pivotal point, which if broken decisively could make the EUR/USD pair vulnerable to accelerate the fall back towards retesting sub-1.0700 levels, or a three-month low touched on February 14.", "On the flip side, the 1.0850 region seems to act as an immediate resistance, above which the EUR/USD pair could make a fresh attempt to conquer the 1.0900 round figure. "
  • Eur/usd dips as investors eye us, eu’s inflation data. According to FXStreet on Wednesday, 28 February, "At the time of writing, the EUR/USD edges lower 0.12% and exchanges hands at 1.0830.", "From a technical perspective, the EUR/USD is trading sideways, though in the last couple of days, achieved remained above the 200-day moving average (DMA), which lies at 1.0827. "
  • Eur/usd signal: neutral outlook with a bullish bias - 28 February 2024. According to DailyForex on Wednesday, 28 February, "The EUR/USD pair has held steady this week even after the weak US consumer confidence report. ", "Looking ahead, the next key EUR/USD news to watch will be the upcoming US GDP numbers. "
  • Eur/usd price analysis: depreciates to near 1.0830 followed by 21-day EMA. According to FXStreet on Thursday, 29 February, "A break below this support zone could prompt the EUR/USD pair to target the further the major level of 1.750 with an aim to navigate the region around the psychological level of 1.0700 aligned with February's low at 1.0694 level.", "On the upside, the immediate resistance levels for the EUR/USD pair are identified at the major level of 1.0850 followed by the 38.2% Fibonacci retracement level of 1.0864."

More news about USD/CNH (USDCNH).

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ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.