Daily Analysis

It seems like there is no open position today, the pair has not formed a pattern, still following the market, AUD is still quite high and may be looking for a downtrend, CHF is in a balanced position, does not know the direction, CAD is rather high with a downward trend, EUR has the potential to be bullish, GBP is already high but will still rise, NZD is rather high but may be sideways, USD is still under pressure from the Trump effect.

AUDCHF may break 0.52762 and keep bearish. We also consider RBA Minutes of the Monetary Policy Meeting that the Board decided to lower the cash rate target by 25 basis points to 3.85 per cent.

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