AUDCHF rising wave

17 may 2022 76
Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices" and "Metals"
3rd in the segment "US stocks"
Load the latest quotes
Full screen

The AUDCHF pair has regularly been testing the resistance level of 0.707 since the end of March. It wasn’t able to consolidate above the mentioned level – a demand for the Swiss franc comes back, when investors move into the low-risk assets.

 

Now, after a new wave of decline, the stock markets are rebounding upwards, which puts pressure on the franc. For the AUDCHF there exists a new opportunity to move up to the level of 0.707.

 

Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices" and "Metals"
3rd in the segment "US stocks"
Comments
New Popular
Send
Commenting rules

Subscribe to our newsletter and stay up to date with all the news!