USD/CNH Up 7 Pips Over Past 4 Hours; 2 Day Up Streak Snapped

USD/CNH 4 Hour Price Update

Updated April 01, 2020 12:46 AM GMT (08:46 PM EST)

USD/CNH entered the current 4 hour candle at 7.09549, up 7 pips (0.01%) from the previous 4 hours. Relative to other instruments in the Forex asset class, USD/CNH ranked 14th the previous 4 hours in terms of percentage price change.

USD/CNH End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/CNH entered today at 7.09267, down 167 pips (0.23%) from yesterday. Compared to its peers in the Forex, USD/CNH gave its buyers a return that ranked 37th in terms of percentage change since yesterday. Here is a price chart of USD/CNH.

USD/CNH Technical Analysis

Coming into today USD/CNH is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 20 day average, which is 532.4 pips away. For additional context, note that price has gone up 5 out of the past 10 days.