The USD/CHF currency pair might fall in the next period, based on Trump's contentious battles with China and the European Union over proposed tariffs.
This “trade war” might affect growth and inflation in the United States.
The downtrend is indicated also technically. According to the daily chart, the price already reached a double top. A potential target will be Fibo 0.61 (0.9713).
According to the weekly chart, the USD/CHF pair might reach 0.9450 area in the long term, and then should be a retracement.
The most important data of this week:
- FED- Chairman Jerome Powell speaks at ECB Annual Forum in Sintra ( Portugal)
- SNB Interest Rate (-0.75% expectation); ( -0.75% previous)