LeoPrime Daily Market Analysis

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AUDCHF : Week started with 0.80% drop

AUDCHF started off the week with a bearish move as the Australian dollar experienced a worst than expected Home Loans as -2.5% vs 0.4%. The pair is currently falling below the March 25th Low at 0.70602. Breaking the strong support at 0.70200 might extend its downward pull targeting the next support 0.96000 and further to 0.69300.There are also chances of bouncing at the strong support at 0.70200 which makes the pair form a new lower low but expected to continue its bearish trend in the upcoming trading days. Later this week we have the AUD Unemployment rate which is anticipated as 5.1% vs 5.0% on March.

AUDCHF TODAY:
Daily open: 0.70759
Daily Last high: 0.70844
Daily Last Low: 0.70202
Daily current growth: -0.80%

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