AUDCHF - Bearish Bias

AUD - BEARISH
1️⃣ Investors turned risk averse as coronavirus lockdowns in Europe and potential US tax hikes hit risk appetite.

CHF - BULLISH
1️⃣ Concerns about a surge in COVID-19 cases and vaccine shortages in Europe boosted the CHF.
2️⃣ The Swiss National Bank (SNB) held its policy rate unchanged at −0.75% in March meeting.

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Technical
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We are selling the AUDCHF at resistance + 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.

Trade ist aktiv

Trade geschlossen: Stop wurde erreicht:

❌ TRADE HAS HIT STOP LOSS

-30 PIPS

Risk-On tone has boosted the AUD.