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AUDCHF Falters Above 0.5900 Ahead of Australian Data This Week

FOREX
  • The risk-off tone on Friday drove the Aussie to underperform in G10, prompting AUDCHF to fall roughly 1.4% from its weekly peak into the close, following a fresh 8-month high print on Thursday at 0.5933.
  • While the AUDUSD technical theme remains bearish, exponential moving average indicators appear positive for AUDCHF, and the dovish SNB combined with the overall buoyant backdrop for global equities could point to further strength ahead for the cross.
  • Full piece here:
  • FX Market Analysis - AUDCHF.pdf

Figure 1: 50 Day Exponential Moving Average Underpinning AUDCHF Recovery

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