Outlook for the AUD/CHF Pair
AUD/CHF: Economic Outlook
The Australian dollar fell today against most major currencies amid growing caution ahead of this week’s domestic inflation and jobs data, which may indicate whether the central bank has finished raising interest rates.
Deputy Governor Andrew Hauser is expected to speak about inflation expectations following the release of the Consumer Price Index.
Australian Dollar vs. Swiss Franc: Technical Analysis
The pair managed to break through the levels of the ascending price channel on the daily chart, successfully retested the channel, and then began to pull back, as we mentioned in our weekly currency analysis video here
We still expect the pair to pull back, targeting 0.5590, then 0.5510, and finally 0.5400. This scenario would be invalidated if the pair breaks above 0.5690 with a daily candle.
