(VIANEWS) – USD/CNH (USDCNH) is currently on bearish momentum. At 03:06 EST on Friday, 20 May, USD/CNH (USDCNH) is at 6.6753, 0.8029% down since the last session’s close.


Regarding USD/CNH’s daily highs and lows, it’s 0.655% down from its trailing 24 hours low of $6.72 and 0.748% down from its trailing 24 hours high of $6.73.

USD/CNH’s yearly highs and lows, it’s 0.088% up from its 52-week low and 0.994% 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, "Economists at CreditSuisse continue to look for USD/CNH to trade in a 6.65-7.15 range over the next three months.", "We reiterate our view that USD/CNH will rise within a 6.65-7.15 trading range over the next three months."

News about USD/JPY

  • 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."
  • Usd/jpy price analysis: climbs to three-day high, eyes descending trend-line resistance. According to FXStreet on Tuesday, 17 May, "The USD/JPY pair might then surpass an intermediate hurdle near the mid-130.00s and reclaim the 131.00 mark. ", "This is closely followed by the 129.00 round figure and the daily low, around the 128.85 region, which if broken decisively would drag the USD/JPY pair towards the 129.00 mark, or the 38.2% Fibo. level."
  • Usd/jpy bounces off daily low amid modest USD strength, keeps the red near 129.20-25 zone. According to FXStreet on Wednesday, 18 May, "This, in turn, triggered a fresh leg down in the equity markets, which benefitted the safe-haven Japanese yen and exerted some downward pressure on the USD/JPY pair. ", "Traders will further take cues from the broader market risk sentiment to grab short-term opportunities around the USD/JPY pair."
  • According to FXStreet on Wednesday, 18 May, "On the other hand, the USD/CHF fell to 0.9880 while USD/JPY trades in the 128.20 price zone."
  • Usd/jpy: we continue to see the potential for further upside – rabobank. According to FXStreet on Wednesday, 18 May, "The better than expected current account release helped restore confidence in the JPY’s safe haven status and coincided with a dip lower in the value of USD/JPY towards the end of last week. ", "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."

More news about USD/CNH (USDCNH).


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