AUD/CHF met resistance around 0.7115/20 (50- and 100-days MA).
Tag - aud - australian dollar
The Reserve bank of Australia will make its statement and announce an official rate on April 2, at 06:30 MT time.
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The beginning of the week has brought risk-on sentiment into the market after the continuation of trade talks between China and the US and positive figures of Chinese manufacturing PMI for March. Let’s see what else will impact on the market this week.
It's likely that the pair is going to reach the previously tested resistance at 0.7167. If a pullback from this level happens next...
Have a look at the weekly chart: AUD/USD is facing resistance in the 0.7130 area.
Previously, we had a 'Head & Shoulders' pattern, so it's likely that the market is going to achieve...
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The market broke all the Moving Averages and there's no any reversal pattern so far. In this case, we should watch the next resistance...
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