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Audchflong

AUDCHF - Bullish BiasAUD - BULLISH 1️⃣ Sentiment for the US Dollar cooled on expectations that incoming Biden administration would ramp up US distribution of coronavirus vaccines and spend big on more stimulus, which will contribute to a global economic recovery and increased demand for commodities. 2️⃣ The bob vacancies in the Australia surged 23.4% to hit an all-time high in the November quarter as the economy continues its post-covid recovery. CHF - BEARISH 1️⃣ The positive risk tone weighing on the CHF. ===== Technical ===== We are looking to buy the AUDCHF at RBS + above SMA 50 on the H1 chart.
Long
by MonsunAsia
AUDCHF (H4): LONG Idea on this Ascending Channel BREAKOUT!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIK E👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! TECHNICAL ANALYSIS: Since the beginning of December, the price got a stronger trend correction, moving up trying to reach the resistance level at about 0.68256. Once it reached that, the resistance zone rejected the price, breaking it during the second attempt. As we can see in this chart, few days ago the price also broke the ascending channel and it bounced on the previous resistance zone that now is acting as a strong support. CONCLUSION: I think there is a nice chance to see the price continuing the same trend, trying to reach the main resistance zone at about 0.69500. The price is actually oversold and it clearly bounced on the support zone. IF THE PRICE will break the ascending channel, we can definitely plan a long trade until the next resistance zone. Stay tuned for updates! What's your opinion? Share your idea writing a comment! Trade Safe and Responsibly Gianni
Long
by FXtrades-gp
6
AUDCHF - Bullish Bias AUD - BULLISH 1️⃣ Prime Minister Scott Morrison said Thursday that the country's regulator is expected to approve the use of Pfizer's COVID-19 vaccine by the end of January, with the first doses issued within weeks. 2️⃣ The positive risk tone boosted the antipodeans. CHF - BEARISH 1️⃣ The positive risk tone pressured the safe-haven CHF. ===== Technical ===== We are looking to buy the AUDCHF at the support of 0.68900 + above SMA 50 on the H1 chart.
Long
by MonsunAsia
AUDCHF - Bullish BiasAUD - BULLISH 1️⃣ Preliminary data showed that the IHS Markit Australia Composite PMI increased to 54.7 points in November from 53.5 in the previous month, with Manufacturing PMI posting the highest reading since 2017, while the Services PMI posted the highest reading in four months and expanding for third consecutive month. 2️⃣ The Risk-On tone boosted the AUD. CHF - BEARISH 1️⃣ Improving in risk sentiment weighing on the CHF. ===== Technical ===== We are looking to buy the AUDCHF at RBS + above SMA 50 on the H1 chart.
Long
by MonsunAsia
2