"When I spoke at the Anika Foundation event last year, CPI inflation in Australia had been below 2 percent for a number of years and, in underlying terms, was just 1…
AUD/CHF may recover
2019-11-11 • Updated
BUY 0.6685; TP1 0.6730; TP2 0.6780; SL 0.6665
AUD/CHF is trading within a long-term downtrend. However, the pair has managed to find support near the psychological level of 0.6500. Now there’s scope for a bullish correction. An advance above 0.6680 (38.2% Fibo retracement of the July-August decline). Upside targets will lie at 0.6730 (50% Fibo) and 0.6780 (61.8% Fibo). On the downside, support is at 0.6560 ahead of 0.6500.
Historically, the stability of the franc is caused by the solid Swiss economy and a highly developed banking system…
4H Chart Daily Chart The US Dollar Index failed to sustain its recent gains above its 50 DAY MA, the index declined back yesterday with higher trading volume, while all eyes are on the PPI data today after mixed economic releases over the past few…
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