1️⃣ Investors moved away from the US Dollar as US President Donald Trump called for Congress to pass legislation for airlines, small businesses, and stimulus checks of $1,200 for Americans.
2️⃣ Investors were also optimistic on the prospects of economic recovery in Australia after Treasurer Frydenberg handed down the expansionary federal budget on Tuesday evening.
CHF - BEARISH
1️⃣ The prevalent risk-on environment undermined the safe-haven CHF and remained supportive.
2️⃣ Swiss National Bank (SNB) Chairman, Thomas Jordan said supply of money can be reversed at any time should the demand for the safe-haven currency weaken.
- We're looking to long AUDCHF on RBS level + fibo retracement 50.0% are on H1 chart.
- AUDCHF in zone.