AUD - BULLISH
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.
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TECHNICAL
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- We're looking to long AUDCHF on RBS level + fibo retracement 50.0% are on H1 chart.
- AUDCHF in bullish zone.
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.
=====
TECHNICAL
=====
- We're looking to long AUDCHF on RBS level + fibo retracement 50.0% are on H1 chart.
- AUDCHF in bullish zone.