(VIANEWS) – USD/CNH (USDCNH) is currently on bearish momentum. At 17:06 EST on Friday, 20 May, USD/CNH (USDCNH) is at 6.6910, 0.5692% down since the last session’s close.


Concerning USD/CNH’s daily highs and lows, it’s 0.421% down from its trailing 24 hours low of $6.72 and 0.514% down from its trailing 24 hours high of $6.73.

USD/CNH’s yearly highs and lows, it’s 0.346% up from its 52-week low and 0.761% 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).

Last news about USD/CNH (USDCNH)

  • Usd/cnh snaps three-day downtrend near 6.7600 on softer China data, covid concerns. According to FXStreet on Wednesday, 18 May, "Looking ahead, US Housing Starts and Building Permits for April will join Fedspeak to direct short-term USD/CNH moves. ", "Although 10-day EMA triggered the USD/CNH pair’s recovery moves, around 6.7440 by the press time, the previous support line from April 19 challenges the immediate upside near 6.7920."
  • Usd/cnh to rise towards the upper-end of the 6.65-7.15 range – credit suisse. According to FXStreet on Wednesday, 18 May, "Still, we expect USD/CNH to continue to rise in coming months as Fed expectations push US yields higher.", "Economists at CreditSuisse continue to look for USD/CNH to trade in a 6.65-7.15 range over the next three months."

News about USD/JPY

  • According to FXStreet on Wednesday, 18 May, "”While better Japanese current account data and a bout of short-covering have pushed USD/JPY away from its recent highs, we continue to see the potential for further upside over the summer as the Fed continues to hike rates. ", "Assuming an improvement in Japanese economic data, speculation of a potential alteration to the BoJ’s YCC policy has the potential to rein back USD/JPY into the autumn,” the analysts at Rabobank explained."
  • Usd/jpy crosses 129.00 as yields recover ahead of US retail sales, fed’s powell. According to FXStreet on Tuesday, 17 May, "Should Powell manages to do that, the USD/JPY may witness fresh downside pressure.", "Elsewhere, Shanghai conveyed plans to end the covid-linked lockdown after the third consecutive day of zero coronavirus cases outside the quarantine area, which in turn favors the market sentiment and propels the USD/JPY prices."
  • Usd/jpy technical analysis: stability is bullish – 17 May 2022. According to DailyForex on Tuesday, 17 May, "At the end of last week’s trading, the price of the USD/JPY currency pair is stabilizing this week, as it is the closest to breaching the 130.00 psychological resistance again. ", "According to the technical analysis of the pair: As I mentioned before, the breach of the 130.00 psychological resistance will be of particular importance for the bulls to further control the performance of the USD/JPY currency pair, thus preparing to move towards stronger upward levels. "
  • Usd/jpy price analysis: extends pullback from 10-dma towards 129.00. According to FXStreet on Wednesday, 18 May, "It’s worth noting that the monthly low around 127.50 and April 27 swing low near 126.95 could challenge USD/JPY bears past-127.65.", "Though, a convergence of the previous support line from March and tops marked in April constitute strong resistance for the USD/JPY bulls to crack around 131.30-35."
  • According to FXStreet on Tuesday, 17 May, "The USD/JPY pair ended the day little changed at 129.35, while USD/CHF fell to 0.9938."

More news about USD/CNH (USDCNH).


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