USD/CNH aims to recover from five-month low while bouncing off 6.9321.
Oversold RSI conditions suggest further pullback but 61.8% Fibonacci retracement guards immediate upside.
March month’s low can please sellers below the near-term key trend line.
USD/CNH pulls back from multi-week low to 6.9458
USD/CNH recovers from intraday low of 6.9916, defies the previous day’s losses.
The surge in the coronavirus cases in China and the US joins hopes of fiscal stimulus from America.
US dollar retraces from the lowest since June 2018 following the heavy rush to the south past-FOMC.
USD/CNH picks up th
USD/CNH rises to 7.0100 while taking a U-turn from the intraday low of 7.0030 during early Friday’s trading session. The quote recently gained amid risk reset. Though, bears are still keeping eyes after Thursday’s downbeat performance from over one-week high.Reuters cites US diplomats’ abrupt rush t
After a 24% rally in their stock market from the start of July, the Shanghai Composite index saw a sharp reversal down 17% as data shows a patched recovery in China. Bloomberg reporting industrial output was lower by 1.3% while retail sales plummeted 11.4%, showing strong weakness in th
USD/CNH's daily chart shows a bullish Doji reversal.
The pair lacks a clear directional bias at press time amid an uptick in the S&P 500 futures.
USD/CNH is struggling to gather upside momentum despite the bullish reversal pattern on the daily chart.
The pair is currently sidelined near 7.00
USD/CNH remains pressured near the lowest since March 12.
China’s CPI recovers in June but PPI remains stuck into the deflationary area.
Sustained trading below a two-month-old support line keeps the bears hopeful.
61.8% Fibonacci retracement can offer a pullback amid oversold RSI.
FX Strategists at UOB Group expect further decline in USD/CNH if the 6.9950 level is breached in the near-term.
24-hour view: “We highlighted yesterday that ‘further USD weakness would not be surprising and a b
USD/CNH takes a U-turn from 7.0715 but snaps four-day losing streak.
China’s Caixin Services PMI surged to the highest over a decade to 58.4 in June.
North Korea supports China amid
USD/CNH has created a pennant pattern on the daily chart.
A breakdown will likely accelerate the sell-off from June highs.
USD/CNH (Yuan's offshore exchange rate) has printed a contracting triangle (
Earlier this week, the US dollar was seen sliding against the Chinese yuan thanks to the upbeat results from mainland China’s economy. Unfortunately for the Chinese yuan, it wasn’t able to hold on to its gains in the sessions thanks to the recent news about rate cuts from t
USD/CNH drops to four-day low after China’s official PMIs flashed upbeat data.
China’s passage of the Hong Kong National Security Law failed to defy the Yuan bulls.
USD/CNH jumps to the highest level since March 20.
Markets offer Yuan as the US steps up anti-China rhetoric.
The offshore Yuan (CNH) is flashing red with the US ratcheting up anti-China rhetoric to shift responsibility for the COVID-19 crisis.
The USD/CNH pair rose to 7.1557 early Monday, the hi
Economic data releases have probably never been that meaningless in history. Traders were not too concerned that the Q1, March or even April data were worse than terrible. Instead, hope of lockdown exit, at least partially, have lifted risk markets for the initial part of the week. Risks of a second
USD/CNH tests key MA for first in two months.
Bulls have pushed the pair above a three-month descending trendline.
Daily chat indicators are reporting strong upside bias.
USD/CNH rose above the psychological resistance of 7.00 on Monday and tested the 100-day moving average (MA) for the first tim