🎗️Name : AUD/CHF
🗨Time Frame : 4hrs Chart
(🖇️Short Order )
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🧾 : WHY IS AUDCHF GOING DOWN?
If Australia's economy experiences a lower-than-expected growth rate, if or if economic challenges arise, investors may lose confidence in the Australian dollar, which could lead to a devaluation against the Swiss franc. This may be caused by falling commodity prices, rising unemployment or political uncertainties. Changes in the monetary policies of the respective central banks (e.g. Reserve Bank of Australia and Swiss National Bank) can affect exchange rates. A higher interest rate in Switzerland relative to Australia could attract capital inflows and strengthen the Swiss franc against the Australian dollar.
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🔻Bearish Break
0.56300 Area
Reasons
Major Turn level / D
Visible Range Lvn
M / W / Break
Choch Area
🔺Bullish Reversal
0.54200 Area
Reasons
Major Turn level / M
Visible Range Hvn
Channel Lower Band
Quarter's Area
AT / Low Area
——————————
🗨Time Frame : 4hrs Chart
(🖇️Short Order )
------
🧾 : WHY IS AUDCHF GOING DOWN?
If Australia's economy experiences a lower-than-expected growth rate, if or if economic challenges arise, investors may lose confidence in the Australian dollar, which could lead to a devaluation against the Swiss franc. This may be caused by falling commodity prices, rising unemployment or political uncertainties. Changes in the monetary policies of the respective central banks (e.g. Reserve Bank of Australia and Swiss National Bank) can affect exchange rates. A higher interest rate in Switzerland relative to Australia could attract capital inflows and strengthen the Swiss franc against the Australian dollar.
——————————
🔻Bearish Break
0.56300 Area
Reasons
Major Turn level / D
Visible Range Lvn
M / W / Break
Choch Area
🔺Bullish Reversal
0.54200 Area
Reasons
Major Turn level / M
Visible Range Hvn
Channel Lower Band
Quarter's Area
AT / Low Area
——————————
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