My thoughts on AUDCHF (requested by many subscribers)
- Technical analysis: Although AUDCHF still in a long-tern downtrend, the 4HR OB zone (Order block) is really strong because of many consecutive impulsive candles to the upside and broke more than 4 previous high in the 1hr timeframe. Moreover, there are many big wicks near the 4HR OB ZONE and daily demand zone. Also, the short volume started to decrease. Hence, a trend reversal may happen.
- Fundamental analysis: The Swiss national bank pushing an agenda of currency intervention. Hence, #CHF may be weak in the next few weeks.
Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.