AUDCHF Long Entry

//Fundemental Overview//

AUDCHF has been bullish since November of 2020 in relation to Sydney improving the Aussie's interest rate to .10% in comparison to the Swiss Franc's interest rate at -.75%, implying a stronger Australian dollar.

//Technical Overview//
Price had ended Friday on the second standard deviation below sigma. Price has moved into a strong demand zone.

It is unlikely that institutions will move this currency's price below the 200 EMA in regards to the current upward momentum of the Australian dollar given the currency's relative strength.

Momentum oscillators, such as the relative strength index, illustrate some bullish divergence from exhausting selling volume. Stochastics has hovered above 50% indicating continued demand from suppliers.
AUDCHFDaily ChartsTechnical IndicatorsTrend Analysis

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