AUD - BULLISH 1️⃣ Australia posted the largest trade surplus on record, as exports surged 6% to a ten-month high, while imports fell 2% to a three-month low amid improving global demand as more countries reopen their economies following an easing of COVID-19 lockdowns, while retail sales rose by 0.5% month-over-month.
CHF - BEARISH 1️⃣ Expectations of a robust economic revival fueled by the rapid rollout of vaccines and additional fiscal spending raised investors’ appetite for riskier assets.
===== Technical =====
We are looking to buy the AUDCHF at support + above SMA 50 on the H1 chart.
===== Risk to this trade =====
Any change in sentiment could turn the pair's direction.