AUDCHF - Bearish Bias

23 mars 2021

AUD - BEARISH
1️⃣ Concerns that new pandemic curbs and slow vaccine rollouts in Europe will dampen prospects of a swift economic recovery.
2️⃣ Local 10-year bond yields also eased slightly to 1.743%.
3️⃣ Sentiment was also affected following Western sanctions on China over Xinjiang's abuse, with Beijing hitting back with punitive measures against European lawmakers, diplomats, and families.

CHF - BULLISH
1️⃣ Concerns about a surge in COVID-19 cases and vaccine shortages in Europe boosted the CHF.

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Technical
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We are looking to sell the AUDCHF at SBR + below SMA 50 on the H1 chart.

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Risk to this trade
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Any change in sentiment could turn the pair's direction.

23 mars 2021

Ordre annulé

DELETE PENDING ORDER

CADCHF hit pending order first.