The exchange rate of the Australian dollar to the Swiss franc on Forex
AUDCHF is a currency pair that consists of the Swiss franc and the Australian dollar. Compared with the main trading instruments, it has relatively low liquidity. The movement of the pair is significantly affected by changes in world prices for gold and raw materials. This is due to the fact that the Australian dollar is a highly profitable commodity currency, as the Australian economy is focused on the export of natural resources. The popularity of the Swiss franc among forex traders is connected, first of all, with its status of the most stable world currency. The major characteristic of the Swiss economy is its stability. The country acts as a kind of refuge for investors during the world economic crises. When carrying out the fundamental analysis of AUDCHF pair, it is necessary to take into account not only the main macroeconomic indicators of Switzerland and Australia, but also data on the state of the US economy, which include the unemployment rate, inflation rate, GDP indicators, interest rate and other factors characterizing the economic development of these countries. When trading AUDCHF pair and determining the opening point of a trading position,one should take note of the pronounced support and resistance levels, pay attention to signals of indicators and candlestick patterns.
The current AUD/CHF quotations chart shows the current cross rate of the Australian dollar to the Swiss franc on Forex.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.