AUDCHF - Bullish Bias
AUD - Strong Bullish
1️⃣ The RBA noted that the Australian economy is expected to do better in the fourth quarter, adding that the country will be in pre-Delta in the second half of 2022.
2️⃣ Positive market sentiment can support the strength of high-beta currencies such as AUD, NZD & CAD.
CHF - Weak Bearish
1️⃣ The price value on EUR/CHF is currently under SNB monitoring, which could lead to the central bank’s intervention at any time.
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Technical
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We are buying the AUDCHF after it breaks the previous resistance level.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
1️⃣ The RBA noted that the Australian economy is expected to do better in the fourth quarter, adding that the country will be in pre-Delta in the second half of 2022.
2️⃣ Positive market sentiment can support the strength of high-beta currencies such as AUD, NZD & CAD.
CHF - Weak Bearish
1️⃣ The price value on EUR/CHF is currently under SNB monitoring, which could lead to the central bank’s intervention at any time.
=====
Technical
=====
We are buying the AUDCHF after it breaks the previous resistance level.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
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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.