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06.08.202005:49 Forex Analysis & Reviews: BCH/USD price movement, August 06, 2020

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 06.08.2020 analysis

The Bitcoin Cash vs USD is now moving in a narrow range between 239.80 and 335.88. BTC may try to test the 283.01 level. if this level is broken, the BCH/USD pair will continue to decline. It will test test 239.80. This scenario will come true if BTC does not rise and close above 305.50.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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