AUDCHF - Bearish Bias
AUD - BEARISH
1️⃣ Concerns that new pandemic curbs and slow vaccine rollouts in Europe will dampen prospects of a swift economic recovery.
2️⃣ Local 10-year bond yields also eased slightly to 1.743%.
3️⃣ Sentiment was also affected following Western sanctions on China over Xinjiang's abuse, with Beijing hitting back with punitive measures against European lawmakers, diplomats, and families.
CHF - BULLISH
1️⃣ Concerns about a surge in COVID-19 cases and vaccine shortages in Europe boosted the CHF.
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Technical
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We are looking to sell the AUDCHF at SBR + below SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ Concerns that new pandemic curbs and slow vaccine rollouts in Europe will dampen prospects of a swift economic recovery.
2️⃣ Local 10-year bond yields also eased slightly to 1.743%.
3️⃣ Sentiment was also affected following Western sanctions on China over Xinjiang's abuse, with Beijing hitting back with punitive measures against European lawmakers, diplomats, and families.
CHF - BULLISH
1️⃣ Concerns about a surge in COVID-19 cases and vaccine shortages in Europe boosted the CHF.
=====
Technical
=====
We are looking to sell the AUDCHF at SBR + below SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Order cancelled
DELETE PENDING ORDERCADCHF hit pending order first.
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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.