AudChf swing term analysis from 20th, june, 2022|250 pipsAudChf swing term analysis from 20th, june, 2022|250 pips
Here is my analysis for the Audchf for the coming week...
Sentimentally, with the stock markets falling further even lower than the previous week, investor sentiments are still #riskoff.
this shows potential for investors to buy safe haven currencies as opposed to commodity or risky asset based currencies like the Aud. With China's perceived face off with the US over Thailand coupled with the imposed curfew and restrictions in some business districts, there may be some decreased trade activity in China which would equally affect Australia.
Technically, AudChf has been ranging in an area of supply and price distribution on the higher time frame, and recently broke through the exponential moving average with an impulsive move... there's a demand zone which price could be heading to either grab or take out liquidity...Structurally, Audchf is a long term downtrend...judging from the monthly timeframe as price is also currently falling from a lower high market structure. A video analysis of this trade idea could not be shared on YT due to some technical factors...I would like your ideas...
