I have been short on AUDCHF for a few days. Here's my breakdown:
Technical:
- Descending channel
- Strong resistance on the upper channel line
- Potential descending triangle forming, suggesting continuation of this downtrend
- Following the overall trend of this pair, which is bearish
Fundamental:
- Risk off mood globally, CHF is a safe haven currency
- Dovish RBA
- Commodity pressure on AUD
- SNB stability
Technical:
- Descending channel
- Strong resistance on the upper channel line
- Potential descending triangle forming, suggesting continuation of this downtrend
- Following the overall trend of this pair, which is bearish
Fundamental:
- Risk off mood globally, CHF is a safe haven currency
- Dovish RBA
- Commodity pressure on AUD
- SNB stability
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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.