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Monday, August 23, 2021

AUD/CHF:FUNDAMENTAL ANALYSIS+PRICE ACTION|NEXT TARGET|LONG πŸ””πŸ””

AUD/CHF:FUNDAMENTAL ANALYSIS+PRICE ACTION|NEXT TARGET|LONG πŸ””πŸ””

The Australian Employment Change for July was reported at 2.2K. Economists predicted a figure of -46.2K. Forex traders can compare this to the Australian Employment Change for June, reported at 29.1K. The Unemployment Rate for July was reported at 4.6%. Economists predicted a reading of 5.0%. Forex traders can compare this to the Unemployment Rate for June, reported at 4.9%. 4.2K Full-Time Positions were lost, and 6.4K Part-Time Positions were created in July. Forex traders can compare this to the creation of 51.6K Full-Time Positions and the loss of 22.6K Part-Time Positions, reported in June. The Labor Force Participation Rate for July was reported at 66.0%. Economists predicted a reading of 66.0%. Forex traders can compare this to the Labor Force Participation Rate for June, reported at 66.2%.

The Swiss Trade Balance for July was reported at CHF4.100B. Forex traders can compare this to the Swiss Trade Balance for June, reported at CHF4.400B. Swiss Industrial Production for the second quarter increased 15.7% annualized. Forex traders can compare this to Swiss Industrial Production for the first quarter, which increased by 4.7% annualized.

The forecast for the AUD/CHF is volatile, but price action is approaching the end of its sell-off. Bearish pressures will soon fade.

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