AUD - BULLISH
1️⃣ Victoria recorded no new coronavirus cases for the first time since June 9th as Victoria’s Premier Daniel Andrews announced an easing of restrictions for some parts of the state.
2️⃣ Sentiment for the Aussie was boosted as updated estimates from the Reserve Bank of Australia revealed that gross domestic product for the September quarter will track positive, following its steep fall of 7% in the previous quarter.
CHF - BEARISH
1️⃣ CHF is correlated with euro and outlook for EUR is grim given rising virus cases and ECB meeting.
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TECHNICAL
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We like to long AUDCHF on RBS level + SMA50 area on H1 chart. AUDCHF still in bullish zone.
1️⃣ Victoria recorded no new coronavirus cases for the first time since June 9th as Victoria’s Premier Daniel Andrews announced an easing of restrictions for some parts of the state.
2️⃣ Sentiment for the Aussie was boosted as updated estimates from the Reserve Bank of Australia revealed that gross domestic product for the September quarter will track positive, following its steep fall of 7% in the previous quarter.
CHF - BEARISH
1️⃣ CHF is correlated with euro and outlook for EUR is grim given rising virus cases and ECB meeting.
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TECHNICAL
=====
We like to long AUDCHF on RBS level + SMA50 area on H1 chart. AUDCHF still in bullish zone.
Trade closed: target reached
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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.