Today's USD to CNY Price Update

Summary

This report provides the real-time exchange rate between the U.S. Dollar (USD) and Chinese Yuan (CNY), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The U.S. Dollar (USD) is one of the world’s most dominant fiat currencies, while the Chinese Yuan (CNY) is the official currency of China and a key player in global foreign exchange markets. The exchange rate between them reflects not only market sentiment toward currency valuations but also investor confidence in macroeconomic conditions and monetary policies of both nations.

Today’s Price

• 1 USD = 7.02 CNY
• 24h High: 7.0077 CNY
• 24h Low: 7.0049 CNY

Market Analysis

Recent USD/CNY price movements reflect ongoing market dynamics in the foreign exchange sector.

• Technical levels: Key support levels identified at 7.0250, 7.0200, and 7.0150 CNY; resistance noted at 7.145 CNY
• Indicators: RSI stands at 39.45, indicating neutral market sentiment
• Risk note: Traders should remain vigilant to potential reversals near key technical levels and monitor broader dollar index movements

Conclusion

Continue to monitor the USD/CNY pair closely, integrating technical analysis with key support and resistance levels. For traders, focus on identifying trading opportunities around established support zones while respecting identified resistance levels for effective risk management.