(VIANEWS) – USD/CNH (USDCNH) has been up by 1.51% for the last 21 sessions. At 06:08 EST on Monday, 4 September, USD/CNH (USDCNH) is $7.27.
USD/CNH’s yearly highs and lows, it’s 0.263% up from its 52-week low and 0.049% 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 overbought (>=80).
News about
- Usd/jpy oscillates in a range just above 146.00 mark, bullish potential seems intact. According to FXStreet on Monday, 4 September, "The US Dollar (USD) consolidates the post-NFP strong move up back closer to the August monthly swing high and turns out to be a key factor that continues to act as a tailwind for the USD/JPY pair. ", "This marks a big divergence in comparison to other major central banks, including the Fed, and suggests that the path of least resistance for the USD/JPY pair is to the upside. "
- Usd/jpy price analysis: pair maintains above 146.00, recent momentum remains tepid. According to FXStreet on Monday, 4 September, "A firm break below the latter could inspire the USD/JPY sellers to navigate the region around 23.6% Fibonacci retracement at 144.98, following the 38.2% Fibonacci retracement at 143.50.", "In the short term, the USD/JPY pair remains to be bullish as long as the 14-day Relative Strength Index (RSI) stays above 50."
- Usd/jpy eases above 146.00 as fed hawks struggle, Japan gdp, US ISM services PMI eyed. According to FXStreet on Monday, 4 September, "Meanwhile, the US-China tension and upward revision of the US growth forecasts for 2023 by the global rating agency Moody’s prods the USD/JPY bears amid a sluggish session.", "Moving on, the US market’s holiday may restrict the USD/JPY performance on Monday but Japan’s second-quarter (Q2) Gross Domestic Product (GDP) and the US ISM Services PMI will be important to watch for clear directions."
More news about USD/CNH (USDCNH).
