Indicators
Indicators
Value
Direction
MACD(12,26,9)
-0.000
Sell
RSI(14)
36.935
Neutral
STOCH(KDJ)(9,3,3)
23.367
Neutral
ATR(14)
0.010
Low Volatility
CCI(14)
-77.445
Neutral
Williams %R
86.657
Oversold
TRIX(12,20)
-0.024
Sell
StochRSI(14)
0.000
Sell
Search
USD/CNH
Add to Watchlist
6.744
-0.000-0.00%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
D
Today
-0.00%
5 Days
-0.02%
1 Month
-0.60%
6 Months
-2.22%
Year to Date
-3.30%
1 Year
-6.09%
Key Data Points
Opening Price
6.744Previous Closing Price
6.744Recent
Analysis
PBOC sets USD/CNY reference rate at 6.7888 vs. 6.7882 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7888 compared to the previous day's fix of 6.7882 and 6.7470 Reuters estimate.
Fxstreet23 hours ago
Chinese Yuan: Credit softness may spur PBoC easing – Commerzbank
Commerzbank’s Charlie Lay and Dr. Henry Hao point out USD/CNY is stable around 6.75, with their model implying a slightly stronger PBoC fix.
FxstreetWed, Aug 12
Chinese Yuan: Range trade and upside risk against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann note that USD/CNH has been confined to a tight range and expect the Dollar to trade between 6.7430 and 6.7530 in the near term.
FxstreetWed, Aug 12
PBOC sets USD/CNY reference rate at 6.7882 vs. 6.7900 previous
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7882 compared to the previous day's fix of 6.7900 and 6.7430 Reuters estimate.
FxstreetWed, Aug 12
Chinese Yuan: Measured appreciation with strong RMB – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note USD/CNH slipped after weak US payrolls, with the Renminbi (RMB) near its strongest levels in over three years.
FxstreetTue, Aug 11
PBOC sets USD/CNY reference rate at 6.7900 vs. 6.7884 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7900 compared to the previous day's fix of 6.7884 and 6.7497 Reuters estimate.
FxstreetTue, Aug 11
Indicators
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
Sell
Moving Average
Indicators
Value
Direction
MA5
6.745
Sell
MA10
6.746
Sell
MA20
6.756
Sell
MA50
6.773
Sell
MA100
6.795
Sell
MA200
6.885
Sell
USD/CNH Trading Strategy
Intraday
Short Term
Trading Strategy
Rebound towards 6.7592
Alternative scenario
below 6.7407, expect 6.7349 and 6.7315.
Comment
Rebound towards 6.7592
44 minutes ago
Source: Trading Central(Reference Only)
More Details of USD/CNH
The USD/CNH currency pair represents the exchange rate between the US Dollar (USD) and the Chinese Yuan (CNH), which is the offshore version of the Renminbi (RMB). As China continues to play a significant role in the global economy, the USD/CNH pair has gained prominence among traders and investors. The pair reflects the value of the Chinese Yuan in relation to the US Dollar, influenced by various factors, including trade relations, economic indicators, and monetary policy.
Why is there an offshore version of the Yuan (CNH)?
The CNH was created to facilitate international trade and investment in China while allowing the Yuan's value to be influenced by market forces outside of mainland China's capital controls.
Can I trade USD/CNH on forex platforms?
Yes, USD/CNH is available on most forex trading platforms, allowing traders to speculate on its exchange rate.
How does USD/CNH differ from USD/CNY?
USD/CNY refers to the onshore exchange rate of the Yuan, which is controlled by the People's Bank of China, while USD/CNH is the rate used for trading outside of China and is more market-driven.
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