Here are the key factors to keep in mind today for Australian Dollar trades:
- Australian AiG Performance of Services Index: The Australian AiG Performance of Services Index for December was reported at 52.1. Forex traders can compare this to the Australian AiG Performance of Services Index for November which was reported at 55.1.
- Australian Building Approvals: Australian Building Approvals for November decreased by 9.1% monthly and by 32.8% annualized. Economists predicted a decrease of 0.3% monthly and of 24.8% annualized. Forex traders can compare this to Australian Building Approvals for October which decreased by 1.5% monthly and by 13.4% annualized.
- Australian Job Vacancies: Australian Job Vacancies for November increased by 1.3% monthly. Forex traders can compare this to Australian Job Vacancies for October which increased by 0.6% monthly.
Here is the key factor to keep in mind today for Swiss Franc trades:
- Swiss CPI: The Swiss CPI for December decreased by 0.3% monthly and increased by 0.7% annualized. Economists predicted a decrease of 0.2% monthly and an increase of 0.8% annualized. Forex traders can compare this to the Swiss CPI for November which decreased by 0.3% monthly and which increased by 0.9% annualized. The Swiss Core CPI for December increased by 0.3% annualized. Economists predicted an increase of 0.2%. Forex traders can compare this this to the Swiss Core CPI for November which increased by 0.2% annualized. The Swiss EU Harmonized CPI for December was reported flat at 0.0% monthly and increased by 0.8% annualized. Economists predicted a decrease of 0.2% monthly and an increase of 0.7% annualized. Forex traders can compare this to the Swiss EU Harmonized CPI for November which decreased by 0.4% monthly and which increased by 1.0% annualized.
Should price action for the AUDCHF remain inside the or breakout above the 0.7000 to 0.7030 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 0.7015
- Take Profit Zone: 0.7150 – 0.7195
- Stop Loss Level: 0.6945
Should price action for the AUDCHF breakdown below 0.7000 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 0.6980
- Take Profit Zone: 0.6850 – 0.6880
- Stop Loss Level: 0.7015
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
