short opportunity AUDCHF

the pair retested a strong level of resistance and rejected it already at the beginning of the week.

RBA interest rate decision is due tomorrow morning but, the bank is not expected to raise rates at this meeting because inflation has dropped signifcantly and the country is experiencing a period of below-trend growth and this is expected to continue for a while and unemployment is expected to rise

Kommentar:

RBA move was in line with market expectation, steady rate hike. Low growth period and china not performing good as well
no bullish signs for AUD

Kommentar:

retail sentiment this morning: very bullish