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ORBEX: AUDCHF, USDMXN: Both Looking Bearish!
U.S. Dollar / Mexican Peso
ORBEX: AUDCHF, USDMXN: Both Looking Bearish!
By Orbex
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Nov 15, 2019
6
Nov 15, 2019
In today’s #marketinsights video recording, I talk about FX Minors AUDCHF and USDMXN as they both seem to be moving down impulsively.
Added uncertainty amid the latest trade delay, and poor Chinese activity and Australian employment data all add pressure on the Aussie.
Mexican peso, on the other hand, weakened yesterday following Banxico's decision to cut rates! But technicals hint to a short-term rise only?
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
AUDCHF
aussie
Chart Patterns
Elliott Wave
impulsivewave
interestrates
peso
swissfranc
tradedelay
Trend Analysis
USDMXN
Orbex
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