AUDCHF Higher
Trying AUDCHF higher here.
potential double bottom forming here.
The RBA minutes were slightly on the hawkish side but not too much change - we did have strong china data last night though which should be good for AUD. AUD has been very lackluster recently and this could give it the boost that people have been looking for. Overall the AUD narrative has been quite good with a decent AUD economy and china reopening optimism.
correlalations suggest higher, rate differentials are higher, inflation expectations are higher which is normally good for the pair.
sentiment is pretty low which should mean limited downside.
Not trading/investment advise, feedback welcome!
potential double bottom forming here.
The RBA minutes were slightly on the hawkish side but not too much change - we did have strong china data last night though which should be good for AUD. AUD has been very lackluster recently and this could give it the boost that people have been looking for. Overall the AUD narrative has been quite good with a decent AUD economy and china reopening optimism.
correlalations suggest higher, rate differentials are higher, inflation expectations are higher which is normally good for the pair.
sentiment is pretty low which should mean limited downside.
Not trading/investment advise, feedback welcome!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.