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AUDCHF Setup H1 - Is It short?

Short
Australian Dollar / Swiss Franc (OANDA:AUDCHF)  
Forex48_TradingAcademy  
OANDA:AUDCHF   Australian Dollar / Swiss Franc
Trend Analysis Fundamental Analysis Technical Indicators forex48 short setup strategy signals Forex education dollar chf
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trendanalysis fundamental indicator forex48 short setup strategy signals forex education dollar chf
On AUDCHF, the Forex48 strategy has identified a supply zone at 0.6030, where a setup for a short trade has formed. Currently, we have a weak AUD, but it could recover and potentially bounce back to the mentioned zone overnight after the news. However, I predict a decline with the strengthening of the Swiss Franc, which is traditionally a safe haven currency, given the weak strength of the dollar in this historical period.

Let me know what you think.

Happy trading to everyone.

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