AUDCHF Higher
Trying AUDCHF higher here
We have some decent support below from multiple bottoms on the pair which allows for a attempt at a long.
overall makes sense from a perspective of a bounce in risk sentiment, the US500 is higher, commodities are a little higher including copper, there's the potential for a peak in global rates soon as more central banks tighten which could mean a further bounce in risk sentiment.
Sentiment and positioning for AUDCHF is extremely low which i think should allow for a decent bounce in the pair if this risk on mood continues.
not trading/investment advise, feedback welcome!
We have some decent support below from multiple bottoms on the pair which allows for a attempt at a long.
overall makes sense from a perspective of a bounce in risk sentiment, the US500 is higher, commodities are a little higher including copper, there's the potential for a peak in global rates soon as more central banks tighten which could mean a further bounce in risk sentiment.
Sentiment and positioning for AUDCHF is extremely low which i think should allow for a decent bounce in the pair if this risk on mood continues.
not trading/investment advise, feedback welcome!
Note
coming out for 0.9% loss
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.