(VIANEWS) – USD/CNH (USDCNH) has been up by 6.01% for the last 21 sessions. At 19:06 EST on Monday, 27 March, USD/CNH (USDCNH) is $6.88.
USD/CNH’s yearly highs and lows, it’s 0.017% up from its 52-week low and 0.045% 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).
- Usd/jpy: neutral view amidst global banking turmoil – morgan stanley. According to FXStreet on Monday, 27 March, "Analysts at Morgan Stanley shift their view on the USD/JPY pair to neutral from their previous long recommendation.", "With the risk of the market pricing in further policy convergence, we close our long USD/JPY position and turn neutral until things become much clearer."
- Usd/jpy portrays four-day downtrend near 130.50 with eyes on Japan/us inflation clues. According to FXStreet on Monday, 27 March, "Above all, the escalating chatters of the BoJ’s exit from the ultra-lose monetary policy, in contrast to the Fed’s nearness to policy pivot, directs USD/JPY towards the south.", "Moving on, USD/JPY pair may seek more clues from risk catalysts amid a light calendar, which in turn suggests further grinding of the quote towards the south. "
- Usd/jpy price analysis: clings to gains around mid-131.00s, 200-hour SMA holds the key for bulls. According to FXStreet on Monday, 27 March, "The USD/JPY pair could decline further towards the 130.00 psychological mark before eventually dropping back to the multi-week low, around the 129.65 area touched on Friday.", "That said, the Federal Reserve’s less hawkish outlook fails to assist the US Dollar (USD) to capitalize on its recent recovery from a multi-week low and might keep a lid on any further gains for the USD/JPY pair, at least for the time being."
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