USD/CNH Went Up By Over 3% In The Last 21 Sessions

(VIANEWS) – USD/CNH (USDCNH) has been up by 3.1% for the last 21 sessions. At 06:09 EST on Tuesday, 6 June, USD/CNH (USDCNH) is $7.13.

USD/CNH’s yearly highs and lows, it’s 0.36% up from its 52-week low and 0.101% 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

  • Eur/usd strengthens amidst slowing US economy, hawkish ECB comments. According to FXStreet on Monday, 5 June, "From a technical perspective, the EUR/USD is neutral to downward biased, though testes briefly the 200-day Exponential Moving Average (EMA) at 1.0687, though bounced for the third time. ", "on the flip side, the EUR/USD first resistance would be the 100-day EMA at 1.0769, the 20-day EMA at 1.0788, and the 1.0800 figure."
  • Eur/usd price analysis: euro bears attack 1.0690-85 key support as US data looms. According to FXStreet on Monday, 5 June, "It’s worth noting that the broad US Dollar and downbeat concerns about the Eurozone keep the EUR/USD bears hopeful as traders await the US ISM Services PMI and Factory Orders.", "It’s worth noting, however, that the receding bearish bias of the MACD and the nearly oversold RSI line, placed at 14, challenge the EUR/USD bears as they jostle with the key support near 1.0690-85."
  • Eur/usd stays depressed near 1.0700 ahead of US factory orders, ISM services PMI. According to FXStreet on Sunday, 4 June, "It’s worth noting, however, that the market’s risk-on mood put a floor under the EUR/USD price as US President Joe Biden signed the debt-ceiling bill and avoided the ‘catastrophic’ default. ", "It should be observed that the Fed policymakers are stipulated for any public comments ahead of next week’s Federal Open Market Committee(FOMC), which in turn may allow the EUR/USD to pare some of the latest losses in a case where the US data flash downbeat prints."

More news about USD/CNH (USDCNH).

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