From the fundamental point of view, the key economic indicators show that the Franc is stronger than the Australian dollar.
At the same time, it should be born in mind that there are two reserve currencies which do not require the traditional approach to considering the importance of interest rates – the Japanese Yen and the Swiss Franc.
The interest rates in both cases are negative which nonetheless doesn’t negate the investment interest in these currencies since they play the role of key haven assets.
The technical picture also points to a target located at the support level of 0.665.
This content is for informational purposes only and is not intended to be investing advice.
