The US President Trump on Monday said that he would slap tariffs on all remaining Chinese imports if negotiations with Xi-Jinping fail to produce a US-China trade deal. Still, the USD/CNH is struggling to move past the upper edge of the symmetrical triangle resistance. The bullish breakout, however, could happen today if Fed’s Powell boosts bets of an extended Fed tightening cycle. The central bank chief is scheduled to speak today at 17:00 GMT. A bull breakout, if confirmed, would open the doors for a test of major psychological resistance of 7.00. The lower end of the symmetrical triangle could be put to test if Powell puts more emphasis on the rising risks to the US economy and the US third-quarter GDP is revised lower. Daily Chart Trend: Neutral USD/CNH Overview:     Today Last Price:  6.9507     Today Daily change:  -46  pips     Today Daily change %:  -0.0661%     Today Daily Open:  6.9553 Trends:     Previous Daily SMA20:  6.9344     Previous Daily SMA50:  6.9186     Previous Daily SMA100:  6.8727     Previous Daily SMA200:  6.6255 Levels:     Previous Daily High:  6.958     Previous Daily Low:  6.9328     Previous Weekly High:  6.9504     Previous Weekly Low:  6.9191     Previous Monthly High:  6.9798     Previous Monthly Low:  6.8674     Previous Daily Fibonacci 38.2%:  6.9483     Previous Daily Fibonacci 61.8%:  6.9424     Previous Daily Pivot Point S1:  6.9394     Previous Daily Pivot Point S2:  6.9235     Previous Daily Pivot Point S3:  6.9142     Previous Daily Pivot Point R1:  6.9646     Previous Daily Pivot Point R2:  6.9739     Previous Daily Pivot Point R3:  6.9898     FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD: Put premium hits two-week lows FX Street 4 years The US President Trump on Monday said that he would slap tariffs on all remaining Chinese imports if negotiations with Xi-Jinping fail to produce a US-China trade deal. Still, the USD/CNH is struggling to move past the upper edge of the symmetrical triangle resistance. The bullish breakout, however, could happen today if Fed's Powell boosts bets of an extended Fed tightening cycle. The central bank chief is scheduled to speak today at 17:00 GMT. A bull breakout, if confirmed, would open the doors for a test of major psychological resistance of 7.00. The lower end of the symmetrical triangle could… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
