Fundamental Analysis: My currently view the AUD as having a neutral bias as the RBA are expected to remain on hold for the foreseeable future with futures markets currently pricing only a 5% chance of a cut at the April´s meeting. The main risks to our neutral view would be Australian inflation which continues to remain below target and subdued economic growth as Australia continues its transition from a mining/exporting based economy to a services based economy. However,the Swiss Franc as being weakly bearish from a fundamental perspective. This is because although we do not expect the SNB to further ease monetary policy, interest rates are the lowest of all the major currencies at -0.75% and monetary policy will likely stay extremely accommodative for the foreseeable future..
Sentiment Analysis: In the long term sentiment AUD is bullish and the CHF in bearish (COT datas)
Technical Analysis: The price is inside of a strong bull trend, so I m waiting for the pull back. I think that the pull back is going to be the ABCD pattern
Sentiment Analysis: In the long term sentiment AUD is bullish and the CHF in bearish (COT datas)
Technical Analysis: The price is inside of a strong bull trend, so I m waiting for the pull back. I think that the pull back is going to be the ABCD pattern