AUD - BEARISH
1️⃣ Investors turned risk averse as coronavirus lockdowns in Europe and potential US tax hikes hit risk appetite.
CHF - BULLISH
1️⃣ Concerns about a surge in COVID-19 cases and vaccine shortages in Europe boosted the CHF.
2️⃣ The Swiss National Bank (SNB) held its policy rate unchanged at −0.75% in March meeting.
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Technical
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We are selling the AUDCHF at resistance + 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 Investors turned risk averse as coronavirus lockdowns in Europe and potential US tax hikes hit risk appetite.
CHF - BULLISH
1️⃣ Concerns about a surge in COVID-19 cases and vaccine shortages in Europe boosted the CHF.
2️⃣ The Swiss National Bank (SNB) held its policy rate unchanged at −0.75% in March meeting.
=====
Technical
=====
We are selling the AUDCHF at resistance + below SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
Trade closed: stop reached:
❌ TRADE HAS HIT STOP LOSS
-30 PIPS
Risk-On tone has boosted the AUD.
-30 PIPS
Risk-On tone has boosted the AUD.