Today at 3:30 GMT+1), we got to know the data on Australia’s trade balance, which surprised very positively. Nevertheless, the market reacted with a limited decline, which, however, does not mean much against the background of the last two very strong bullish candles. It is possible that the morning declines may be an opportunity to play a long position. The Swiss currency has been on defensive position for some time, hence there is a chance for more upward movement. The weekly chart shows that compared to previous years, the price is quite low. It seems that the pair, after reflection from the bottom edge of the growth channel, should go at least to the level of the nearest high, which means that the demand still has a lot of space for growth.
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