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JoeChampion
Feb 16, 2024 10:39 PM

Swiss Inflation Trends Impacting AUDCHF: A Closer Look Long

Australian Dollar/Swiss FrancFXCM

Description

In the upcoming trading week, we're keeping a close eye on AUDCHF for a potential buying opportunity near the 0.57450 zone. AUDCHF is currently undergoing a corrective phase within its uptrend, approaching the critical support and resistance area. Adding a fundamental layer to our analysis, it's noteworthy that inflationary pressures in Switzerland are showing signs of easing. This shift in inflation dynamics could influence trading sentiments and provide insights into potential currency movements.
Stay vigilant and trade safe,
Joe.
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JoeChampion
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