Intraday bias in USD/CHF remains on the upside for 100% projection 0.7603 to 0.8041 from 0.7600 at 0.8198. Decisive break there will extend the rally from 0.7603 to 161.8% projection at 0.8469. On the downside, below 0.801012 minor support will turn intraday bias neutral first. But outlook will remain bullish as long as 0.8029 support […]
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TL;DR: Australia’s soft CPI print has pushed all four major banks into agreement that the RBA’s tightening cycle is over for now, driving AUD/USD below its rising channel with 0.6750 emerging as the next major Read more…
Downside surprise on inflation removes case for rate hike in August. Downbeat narrative on supply in question. We no longer expect rate hikes by the RBA this year. Inflation has been more benign than we Read more…