AUD - Strong Bearish
1️⃣ Beijing is stepping up measures to reduce steel production due to environmental problems.
2️⃣ Investors remain worried about China Evergrande Group’s unresolved debt crisis.
3️⃣ Preliminary readings show retail sales in Australia are down 1.7%, after a 2.7% decline in the previous month.
CHF - Strong Bullish
1️⃣ Investors are turning to safe-haven currencies amid a negative market environment.
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Technical
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We are selling AUDCHF after it failed to break the 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 Beijing is stepping up measures to reduce steel production due to environmental problems.
2️⃣ Investors remain worried about China Evergrande Group’s unresolved debt crisis.
3️⃣ Preliminary readings show retail sales in Australia are down 1.7%, after a 2.7% decline in the previous month.
CHF - Strong Bullish
1️⃣ Investors are turning to safe-haven currencies amid a negative market environment.
=====
Technical
=====
We are selling AUDCHF after it failed to break the 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.
Trade active
Trade closed: stop reached
❌ TRADE HAS HIT SL-40 PIPS
High-beta currencies strengthen amid profit-taking session due to quarterly-end.
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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.