AUD - BULLISH
1️⃣ The National Australia Bank's index of business confidence showed the highest reading since early 2010 and well above the long-run average.
2️⃣ Local 10-year rate lifted to near 23-month highs of 1.79%.
3️⃣ The risk-on mood benefitted the AUD.
CHF - BEARISH
1️⃣ Stronger-than-expected US jobs data and the pandemic relief bill boosted prospects of the US economic recovery.
2️⃣ Expectations of a robust economic revival fueled by the rapid rollout of vaccines and additional fiscal spending raised investors’ appetite for riskier assets.
3️⃣ Positive risk tone weighing on the safe-haven CHF.
=====
Technical
=====
We are looking to buy the AUDCHF on support + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
1️⃣ The National Australia Bank's index of business confidence showed the highest reading since early 2010 and well above the long-run average.
2️⃣ Local 10-year rate lifted to near 23-month highs of 1.79%.
3️⃣ The risk-on mood benefitted the AUD.
CHF - BEARISH
1️⃣ Stronger-than-expected US jobs data and the pandemic relief bill boosted prospects of the US economic recovery.
2️⃣ Expectations of a robust economic revival fueled by the rapid rollout of vaccines and additional fiscal spending raised investors’ appetite for riskier assets.
3️⃣ Positive risk tone weighing on the safe-haven CHF.
=====
Technical
=====
We are looking to buy the AUDCHF on support + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Order cancelled
DELETE PENDING ORDERPending order NZDCHF triggered first.
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.