(VIANEWS) – USD/CNH (USDCNH) has been up by 1.89% for the last 10 sessions. At 16:10 EST on Tuesday, 15 October, USD/CNH (USDCNH) is $7.14.
USD/CNH’s yearly highs and lows, it’s 0.652% up from its 52-week low and 0.095% 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 Monday, 14 October, "The US Dollar (USD), on the other hand, remains firm near a two-month high amid growing acceptance of a less aggressive policy easing by the Federal Reserve (Fed) and turns out to be another factor acting as a tailwind for the USD/JPY pair. ", "This, along with positive oscillators on the daily chart, suggests that the path of least resistance for the USD/JPY pair remains to the upside. "
- Usd/jpy: trades with a downside bias – DBS. According to FXStreet on Monday, 14 October, "The 2Y and 10Y bond differentials between USTs and JGBs suggest that USD/JPY should be lower around 138-141."
- Usd/jpy price forecast: hits two-month peak near 150.00. According to FXStreet on Monday, 14 October, "If USD/JPY clears the 150.00 figure, this could pave the way for challenging the 100 and 200-day moving averages (DMAs) each at 151.14 and 151.22. ", "The USD/JPY extended its gains throughout the North American session, up 0.42%, and trading at 149.75 at the time of writing. "
- According to FXStreet on Tuesday, 15 October, "Given that oscillators on the daily chart are holding in positive territory and are still away from being in the overbought zone, the USD/JPY pair might then aim to challenge the August monthly swing high, around the 150.85-150.90 region. ", "Hence, any meaningful downfall in the USD/JPY pair might be seen as a buying opportunity and is likely to remain limited."
More news about USD/CNH (USDCNH).
