This week, the macroeconomic calendar is notably quiet for both the Australian dollar and the Swiss franc, with no high-impact events scheduled for either currency. In such a news-light environment, currency markets tend to default to broader macro themes, risk sentiment, and the underlying characteristics of each currency.
The Swiss franc (CHF) is widely regarded as a classic safe-haven currency, attracting demand during periods of uncertainty or when global markets lack direction. Conversely, the Australian dollar (AUD) is considered a risk-sensitive, growth-oriented currency that often underperforms when there is little optimism or momentum in the global economy.
With China-related concerns still hanging over the Australian economy and no domestic news or catalysts expected to boost AUD this week, the backdrop remains unfavorable for the Australian dollar. The absence of positive drivers for AUD, combined with the CHF’s defensive nature, creates a natural bias in favor of the Swiss franc.
**In summary:**
For the week ahead, AUD/CHF is fundamentally skewed toward the downside. With no news-based reasons to buy AUD, and with CHF likely to benefit from a stable, risk-averse environment, the pair favors a sell (short) bias on macroeconomic and news calendar grounds.
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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.