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USD/CNH

USDCNH
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6.651
-0.005-0.08%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D

Today

-0.08%

5 Days

-0.31%

1 Month

-0.84%

6 Months

-2.86%

Year to Date

-4.64%

1 Year

-6.27%

Key Data Points

Opening Price

6.656

Previous Closing Price

6.656
Price Range of the Day
6.6496.657
52-Week Price Range
6.6517.138

USD/CNH Trading Strategy

Intraday
Short Term
The downside prevails as long as 6.6601 is resistance, with 6.6489 and 6.6466 as targets

Trading Strategy

The downside prevails as long as 6.6601 is resistance, with 6.6489 and 6.6466 as targets

Alternative scenario

above 6.6601, look for 6.6640 and 6.6663.

Comment

The downside prevails as long as 6.6601 is resistance, with 6.6489 and 6.6466 as targets

49 minutes ago
Source: Trading Central(Reference Only)
Recent
Analysis
PBOC sets USD/CNY reference rate at 6.7138 vs. 6.7147 previous

On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7138 compared to the previous day's fix of 6.7147 and 6.6548 Reuters estimate.

Fxstreet9 hours ago
PBOC sets USD/CNY reference rate at 6.7147 vs. 6.7165 previous

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7147 compared to the previous day's fix of 6.7165 and 6.6596 Reuters estimate.

FxstreetThu, Oct 29
PBOC sets USD/CNY reference rate at 6.7165 vs. 6.7171 previous

On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7165 compared to the previous day's fix of 6.7171 and 6.6734 Reuters estimate.

FxstreetWed, Oct 28
PBOC sets USD/CNY reference rate at 6.7171 vs. 6.7162 previous

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7171 compared to the previous day's fix of 6.7162 and 6.6731 Reuters estimate.

FxstreetTue, Oct 27
Chinese Yuan: Gradual bullish bias against US Dollar – UOB

United Overseas Bank’s Quek Ser Leang and Lee Sue Ann maintain a negative stance on USD/CNH, expecting the Dollar to edge lower within a defined range. Intraday, they see only mild downside momentum, limiting losses.

FxstreetMon, Oct 26
PBOC sets USD/CNY reference rate at 6.7162 vs. 6.7180 previous

On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7162 compared to Friday's fix of 6.7180 and 6.6691 Reuters estimate.

FxstreetMon, Oct 26

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.

1m
5m
15m
30m
1h
2h
4h
D
W
M
1m
5m
15m
D
Sell
Sell(9)
Neutral(0)
Buy(0)
Indicators
Sell(3)
Neutral(0)
Buy(0)
Indicators
Value
Direction
MACD(12,26,9)
-0.005
Sell
RSI(14)
19.122
Oversold
STOCH(KDJ)(9,3,3)
3.718
Oversold
ATR(14)
0.007
Low Volatility
CCI(14)
-138.302
Sell
Williams %R
96.706
Oversold
TRIX(12,20)
-0.028
Sell
StochRSI(14)
0.000
Oversold
Moving Average
Sell(6)
Neutral(0)
Buy(0)
Indicators
Value
Direction
MA5
6.660
Sell
MA10
6.667
Sell
MA20
6.681
Sell
MA50
6.699
Sell
MA100
6.734
Sell
MA200
6.793
Sell

About 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.

Is USDCNH (USDCNH) a safe investment?

No investment is completely risk-free. The risk level of USDCNH (USDCNH) depends on its underlying assets, strategy, liquidity, fees, and market conditions. Diversification may reduce potential losses but cannot eliminate them, and past performance does not guarantee future results. Before investing, consider whether the fund aligns with your goals and risk tolerance. This is not investment advice.

USD/CNH

6.651
-0.005-0.08%
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