AUD,NZD/FXWW News/Technical Analysis/Trade Ideas

AUD/CHF update: Looking better post retail-sales

This isn’t the easiest pair to get the timing right with, but levels back near .8550 certainly look like good-value buys in the short-term (see chart). As I wrote last week when taking this trade on, prices could easily rise by 10% without the need for any major technical developments and those types of trades are usually the ones to look out for.

There will obviously be stops above .8740 but leaving a ‘silly’ take profit order above .8900 is the best way to play this in my view. Then of course look to re-load on dips.

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