U.S. Dollar / Chinese Yuan - USD/CNH
View indicative pricing, trading opportunities, latest research and market insights for USD/CNH.
USD/CNH rate chart
USD/CNH market insights
Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.
If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.
Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.
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USD/CNH overview
USD/CNH is a forex pair consisting of the US dollar against the offshore Chinese yuan. It tells you how many yuan it takes to buy a single dollar. The yuan is also often referred to as the renminbi, with the two terms used interchangeably.
China has split its currency into onshore and offshore variants. CNH is the offshore version and is traded on FX markets; CNY (sometimes called RMB) is the onshore currency that is mostly used domestically.
CNH is partially pegged to the US dollar. It is only permitted to trade with 2% of the current USD range by the People’s Bank of China.
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