Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
AUD/CHF is under pressure
2019-11-11 • Updated
SELL 0.7080; TP 0.7040; SL 0.7095
AUD/CHF met resistance around 0.7115/20 (50- and 100-days MA). The downtrend resistance line was also located nearby. The pair topped on H4 and slid below the 100-period MA at this timeframe (0.7085). The odds are that the Aussie weakened by the dovish RBA will revisit at least last week’s lows. The downside target can be put at 0.7040. Further support is at 0.6970.
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