(VIANEWS) – USD/CNH (USDCNH) is currently on bullish momentum. At 00:06 EST on Monday, 6 June, USD/CNH (USDCNH) is at 6.6616, 0.515% up since the last session’s close.
USD/CNH (USDCNH) Range
Regarding USD/CNH’s daily highs and lows, it’s 0.439% up from its trailing 24 hours low of $6.63 and 0.138% up from its trailing 24 hours high of $6.65.
USD/CNH’s yearly highs and lows, it’s 0.439% up from its 52-week low and 0.045% 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 price analysis: refreshes monthly low with eyes on 6.6100. According to FXStreet on Friday, 3 June, "However, a horizontal area from late April, surrounding 6.6100, appears a tough nut to crack for the USD/CNH bears.", "Should the USD/CNH prices rise beyond 6.7250, an upward trajectory towards 6.7850 can’t be ruled out."
News about EUR/USD
- Eur/usd suffers altitude sickness around 1.0750, US nfp, biden eyed. According to FXStreet on Friday, 3 June, "Looking forward, EUR/USD traders will not only track the US NFP for May, expected to ease to 325K versus 428K prior, as well as the US ISM Services PMI for May, likely to retreat from 57.1 to 56.4. ", "The positive mood, however, was challenged by statements like, "’All options are on the table’ regarding tariff decisions on Chinese imports." Further, China’s Foreign Ministry spokesman Zhao Lijian conveyed dislike for the US’ law banning imports from Xinjiang and weighed on sentiment, as well as EUR/USD prices. "
- Eur/usd price analysis: corrective pullback eyes 1.0760 hurdle. According to FXStreet on Monday, 6 June, "Even so, 50% Fibonacci retracement of the March-May downside, as well as the previous support line from May 13, respectively around 1.0770 and 1.0825, will challenge EUR/USD buyers.", "Additionally challenging the EUR/USD bears is the 1.0600 threshold and multiple supports marked since late April, surrounding 1.0470-60."
- Eur/usd price analysis: slumps but stays around 1.0710s after upbeat US data. According to FXStreet on Saturday, 4 June, "On Friday, the EUR/USD opened near the session highs at around 1.0745 and edged up towards 1.0760, shy of the R1 daily pivot at 1.0782. ", "Nevertheless, the EUR/USD seesawed on the release of the US Nonfarm Payrolls report to finally settling down at current price levels."
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