Aussie bullish trend reveals an appetite for risk
Asian equity markets were mostly positive amid several bullish factors including ongoing vaccine hopes
CHF/JPY may decline
Information is not investment advice
On the daily chart, the pair has been rising. However, it seems like it hasn’t reached its lows yet. Taking a look at H4, we see that the pair has been trading in the downtrend, so risks of the fall increase. If the pair is able to break above the upper boundary of the descending channel (near 108.865), we will see a rise to the resistance at 108.96. However, if the pair keeps trading in the downtrend, we can anticipate a fall to 108.40.
Darya Bobrova
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Asian equity markets were mostly positive amid several bullish factors including ongoing vaccine hopes
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There are a lot of movements in the currency market now - therefore, a lot of opportunities. Let's see how the USD trades against its peers and how to use that in the short-term.
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