Here's my analysis for the pair, I think that the downward trend in the short term will continue and we will see a bullish rally - some of the catalysts: America-China trade tensions. Alternatively, if we break the longer term ascending trendline I think price will head down to previous support zones before bears run out of steam.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.