AUDCHF rising wave

17 May 2022 299
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.


This content is for informational purposes only and is not intended to be investing advice.

New Popular
Commenting rules