AUD - BULLISH
1️⃣ Preliminary data showed that the IHS Markit Australia Composite PMI increased to 54.7 points in November from 53.5 in the previous month, with Manufacturing PMI posting the highest reading since 2017, while the Services PMI posted the highest reading in four months and expanding for third consecutive month.
2️⃣ The Risk-On tone boosted the AUD.
CHF - BEARISH
1️⃣ Improving in risk sentiment 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.
1️⃣ Preliminary data showed that the IHS Markit Australia Composite PMI increased to 54.7 points in November from 53.5 in the previous month, with Manufacturing PMI posting the highest reading since 2017, while the Services PMI posted the highest reading in four months and expanding for third consecutive month.
2️⃣ The Risk-On tone boosted the AUD.
CHF - BEARISH
1️⃣ Improving in risk sentiment weighing on the CHF.
=====
Technical
=====
We are looking to buy the AUDCHF at RBS + above SMA 50 on the H1 chart.
Trade closed: target reached