AUDCHF- Shorts Favoured after SNB keeps rates on hold!
While other central banks are easing,
the SNB keepT rates on hold, reiterating Swiss Franc remains overvalued, Adjusting the basis for calculating negative interest.
The reaction has been a consolidated push
higher for the CHF and we like selling AUDCHF
on the back of this news since all big banks in Australia are now expecting the RBA to cut rates at the next meeting.
We like short position in AUDCHF looking for 6660 initially.
the SNB keepT rates on hold, reiterating Swiss Franc remains overvalued, Adjusting the basis for calculating negative interest.
The reaction has been a consolidated push
higher for the CHF and we like selling AUDCHF
on the back of this news since all big banks in Australia are now expecting the RBA to cut rates at the next meeting.
We like short position in AUDCHF looking for 6660 initially.
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