AUD,NZD/FXWW News/JPY crosses/Others/Technical Analysis/Trade Ideas

NZD/CHF: Looks like a bullish technical set-up

Definitely not a pair that I pay a lot of attention to but my brief analysis below on the Yen crosses concluded that AUD/JPY looks bullish but CHF/JPY looks toppy, ergo we should be buying AUD/CHF! But, AUD/NZD is in a fairly solid medium term down-trend and our earlier look at EUR/NZD showed a bearish set-up; so why not look at NZD/CHF instead?

The weekly technicals show that the big multi-wave move from .5730 to .8080 has now retraced 38.2% (see chart), so if you are a long term bull on this pair and are looking for value trades, this could well be one?

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