(VIANEWS) – USD/CNH (USDCNH) has been up by 2.49% for the last 21 sessions. At 11:11 EST on Friday, 16 June, USD/CNH (USDCNH) is $7.13.
USD/CNH’s yearly highs and lows, it’s 0.4% up from its 52-week low and 0.172% 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).
Previous days news about USD/CNH (USDCNH)
- Usd/cnh price analysis: Yuan bears take a breather at 6.5-month low within channel pattern, fed eyed. According to FXStreet on Wednesday, 14 June, "However, the 200-SMA level of 7.0380 acts as the last defense of the USD/CNH bulls before giving control to the bears.", "It’s worth noting that the overbought RSI conditions join the pre-Fed anxiety to challenge the USD/CNH traders within a one-week-old rising trend channel, currently between 7.2020 and 7.1350 at the latest. "
- Usd/cnh jumps past 7.1900 to refresh yearly top on downbeat China data, hawkish fed halt. According to FXStreet on Thursday, 15 June, "Looking ahead, the Fed has already highlighted the importance of each incoming data for decision-making, which in turn emphasizes today’s United States Retail Sales for May and other mid-tier activity data, as well as the weekly Jobless Claims for the USD/CNH watchers.", "Elsewhere, fears of labor strikes in China, as per a Researcher at Hong Kong-based rights group China Labour Bulletin (CLB), also propel the USD/CNH price."
More news about USD/CNH (USDCNH).
