CHF could depreciate against the US Dollar within the following trading hours. But it is unlikely, that the price for USDCHF could rise more than 0.98200 mark due to the Risk Sentiment Hit As China Hikes Tariffs On US Goods, which makes safe heaven currency to gain strength.
Currently, the GBP/USD (Cable) has found a strong resistance level at the 50% level on the Fibonacci Retrancement. As well as this, a descending triangle has formulated, characterised by lower highs and lower lows over the past few days. The reason I believe this pair will breakout of the 50% Fibonacci level is because the 30 day moving average is looking to cross...
