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USD/CNH Went Down By Over 1% In The Last 10 Sessions

ViaNews Editorial Team

February 4, 2024

USD/CNH Went Down By Over 1% In The Last 10 Sessions
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(VIANEWS) - USD/CNH (USDCNH) has been up by 1.59% for the last 10 sessions. At 14:06 EST on Sunday, 4 February, USD/CNH (USDCNH) is $7.21.

USD/CNH's yearly highs and lows, it's 0.046% up from its 52-week low and 0% down from its 52-week high.

News about

  • Eur/usd price analysis: advances to near 1.0870 followed by barrier around 21-day EMA. According to FXStreet on Friday, 2 February, "The EUR/USD pair could find the immediate resistance zone around the 21-day Exponential Moving Average (EMA) at 1.0882 followed by the psychological level at 1.0900.", "Traders could wait for the MACD confirmation before making aggressive bets in the EUR/USD pair."
  • Eur/usd extends gains towards 1.0900 as traders brace for NFP. According to FXStreet on Friday, 2 February, "The EUR/USD pair extends its gains for the second consecutive day, edging higher to near 1.0880 during the European session on Friday. ", "A break below this region could push the EUR/USD pair to approach the psychological support at 1.0800, followed by the weekly low at 1.0779."
  • Eur/usd: unlikely to see an immediate return to the area above 1.0900 – commerzbank. According to FXStreet on Friday, 2 February, "I would therefore be critical of an immediate return of EUR/USD to the area above 1.0900."
  • Eur/usd dips toward 1.0800 on hot US nonfarm payrolls, strong US dollar. According to FXStreet on Friday, 2 February, "From a technical perspective, the EUR/USD breaching of the 200-day moving average (DMA) could open the door for further downside. "

More news about USD/CNH (USDCNH).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.