The AUD/CHF currency pair, which expresses the value of the Australian dollar in terms of the Swiss franc, is conventionally and strongly associated with risk sentiment in global markets.
The reason is two-fold: the Australian dollar (or AUD) is considered a commodity currency, particularly due to Australia's significant exports of commodity products. Meanwhile, the Swiss franc is considered a safe haven in the FX world, owing to its positive current account surpluses and relative political stability.
In my last article covering AUD/CHF, dated January 27, 2020, I outlined strong potential for AUD/CHF to fall in