
Technical analysis of AUD/CHF

Technical analysis of AUD/CHF
An overview of the market ahead of the release of the US Nonfarm Payrolls (NFP)…
Independence day in America, economic calendar, and outlook for major pairs…
The cautious markets give traders several interesting opportunities…
The RBA cut rate as planned, but soon there will be more news for the AUD…
The first week of July is going to be exciting!

The Reserve Bank of Australia is expected to cut its Cash Rate from 1.25% to 1% on Tuesday, July 2.

AUD/CAD is consolidating in the narrow range between 0.92 and 0.9160 for the fifth day.

AUD/NZD has been forming a series of lower highs since April. This week the pair settled below the 100-day MA at 1.0500.
What may bring us some trading opportunities?

Have a look at the chart of EUR/AUD. There’s a bearish divergence between the price and the Awesome Oscillator on D1.
The meeting of the Federal Reserve will take place later today…
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!