MonsunAsia

AUDCHF - Bullish Bias

Long
FX:AUDCHF   Australian Dollar / Swiss Franc
AUD - 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.

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Technical
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We are looking to buy the AUDCHF at RBS + above SMA 50 on the H1 chart.
Trade active: PENDING ORDER TRIGGERED
Trade closed manually: ✅Close Manually At 0.68880

+18 PIPS

Comments

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