AUD - BEARISH
1️⃣ The risk-off market environment and the broad-based USD strength forced the pair to decline.
2️⃣ US President Donald Trump's comments triggered a new bout of flight-to-safety. Trump said there was a possibility of the US economy decoupling from China and announced that they will prohibit federal contracts to companies that outsource to China.
CHF - BULLISH
1️⃣ Risk tone remains firmly risk-off, expect safe-haven currencies to remain in strong demand.
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TECHNICAL
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- We are looking to short this pair on pivot point level + SBR level + SMA100 area on H1 chart.
- AUDCHF in bearish zone.
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RISK TO THIS TRADE
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- This trade will hit stop loss if market sentiment turns to risk-on mode.
1️⃣ The risk-off market environment and the broad-based USD strength forced the pair to decline.
2️⃣ US President Donald Trump's comments triggered a new bout of flight-to-safety. Trump said there was a possibility of the US economy decoupling from China and announced that they will prohibit federal contracts to companies that outsource to China.
CHF - BULLISH
1️⃣ Risk tone remains firmly risk-off, expect safe-haven currencies to remain in strong demand.
=====
TECHNICAL
=====
- We are looking to short this pair on pivot point level + SBR level + SMA100 area on H1 chart.
- AUDCHF in bearish zone.
=====
RISK TO THIS TRADE
=====
- This trade will hit stop loss if market sentiment turns to risk-on mode.