MonsunAsia

AUDCHF - Bearish Bias

Short
MonsunAsia Updated   
FX:AUDCHF   Australian Dollar / Swiss Franc
AUD - BEARISH
1️⃣ The risk-averse market environment could pressured the AUD.

CHF - BULLISH
1️⃣ CHF benefitted by renewed surge in coronavirus cases and a slow pace of vaccination. The US Food and Drug Administration recommended states pausing the use of Johnson & Johnson's coronavirus vaccine after six cases of blood clots.
2️⃣ Traders welcomed a further relaxation in Switzerland’s Covid-19 restrictions despite infections continued to rise gradually as the country has one of the highest rates of complete vaccination in Europe.
3️⃣ Risk-off the supported the safe-haven CHF.

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Technical
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- We are selling the AUDCHF at SBR on M15. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.

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Risk to this trade
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Any change in sentiment could turn the pair's direction.
Trade active
Trade closed: target reached:
✅ TRADE HAS HIT TP

+10 PIPS

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