(VIANEWS) – USD/CNH (USDCNH) is currently on bearish momentum. At 16:06 EST on Wednesday, 28 July, USD/CNH (USDCNH) is at 6.4852, 0.5882% down since the last session’s close.
USD/CNH (USDCNH) Range
Regarding USD/CNH’s daily highs and lows, it’s 0.538% down from its trailing 24 hours low of $6.52 and 0.628% down from its trailing 24 hours high of $6.53.
USD/CNH’s yearly highs and lows, it’s 0.074% up from its 52-week low and 0.628% 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 USD/JPY
Usd/jpy is tracking US 10-year yields into support structure. According to FXStreet on Tuesday, 27 July, "At the time of writing, USD/JPY is attempting to stabilise fromthe loss of the session (110.26) at 110.30 although is pressured by US yields swooping lower in Tokyo."
Usd/jpy price analysis: bulls set to extend gains beyond 110.55. According to FXStreet on Monday, 26 July, "On the daily chart, the USD/JPY pair has risen sharply from the low of 109.06 to touch the high of 110.59 on Friday. ", "The USD/JPY pair will make the next move towards Friday’s low of 110.08 followed by the 109.85 horizontal support level."
Usd/jpy bears taking control due to lower US yields. According to FXStreet on Monday, 26 July, "At the time of writing, USD/JPY is a touch lower on the day so far at 110.34, but it has recovered from the lows of the day down at 110.11."
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