Every day Foreign exchange Information and Watchlist: AUD/CHF

A weekend hole set AUD/CHF again from a potential upside breakout.

Will the bulls make one other try as we speak? Or will we see a deeper pullback?

Earlier than transferring on, ICYMI, I’ve listed the potential economic catalysts that you need to watch out for this week. Test them out earlier than you place your first trades as we speak!

And now for the headlines that rocked the markets within the final trading sessions:

Recent Market Headlines & Financial Information:

[Weekend news] US, EU, UK, Japan conform to take away chosen Russian banks from SWIFT

Japan industrial manufacturing drops 1.3% on month in January

Japan retail gross sales rise 1.5% y/y in January

Australia’s firm gross income rise 2.0% In This fall

Australia retail gross sales rebound by 1.8% in January (after 4.4% drop in December) as economic system weathers Omicron

Japan housing begins progress eases from 4.2% to 2.1% in January

Swiss KOF financial barometer fell from 107.2 to 105.Zero in February

Swiss GDP up by 0.3% in This fall 2021 after 1.9% uptick in Q3

Putin locations nuclear forces on alert as Ukraine agrees to talks with Russia

U.S. Chicago PMI at 2:45 pm GMT
Australia’s AIG manufacturing index at 9:30 am GMT
China’s manufacturing and non-manufacturing PMIs at 1:00 am GMT (Mar 1)
RBA’s monetary policy decision at 3:30 am GMT (Mar 1)

Use our new Currency Heat Map to rapidly see a visible overview of the foreign exchange market’s worth motion! 🔥 🗺️

AUD/CHF 1-hour Forex Chart

AUD/CHF 1-hour Foreign exchange Chart

In case you missed it, Massive economies just like the U.S., EU, U.Ok., and Japan have lower off some Russian banks from the SWIFT world banking system. It will make it tougher and fewer safe for these banks to make worldwide trades. In the meantime, Putin has ordered his navy to place Russia’s nuclear deterrence forces on excessive alert. Yikes!

The escalation over the weekend weighed on “dangerous” bets like Aussie and dragged AUD/CHF down from .6700 to the .6650 space.

Fortunately for the bulls, the 100 and 200 SMAs had held as assist and now AUD/CHF seems able to retest a key resistance space. Will the bulls legitimize final week’s “breakout” above the .6685 resistance?

The Reserve Financial institution of Australia (RBA) is sharing its March financial coverage selections tomorrow.

Markets don’t count on a price hike from the central financial institution so any hints of price hikes someday within the first half of 2022 would possibly increase AUD/CHF above the .6700 resistance and former highs.

However don’t neglect that the Ukraine drama ain’t over but! If we see any extra battle escalation over the U.S. and early Asian periods, then merchants might search safe-havens just like the franc and drag AUD/CHF beneath the 100 and 200 SMAs. Heck, we might even see AUD/CHF retest a pattern line assist on the 1-hour timeframe!

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