AUDCHF Long
Jonathan Kibbler, March 14th, 2018
AUDCHF long has been on the watchlist this as a strength and weakness pair. Strength coming from the AUD with a seasonal bias backing the strength up and weakness out of the CHF after recent declines against other currencies. With this in mind, looking to take this pair long with a technical entry. As you can see price broke through and re-tested a key daily support. A break above the highs will be the entry with stops below the swing at 0.7403. Looking to run this to the top of the weekly range to then look for a reversal signal.
Jonathan Kibbler
About the author: Head currency trader at Colmore FX. Jonathan has been professionally trained by two hedge fund managers in London and has grown a strong passion for financial markets. His trading strategy combines Daily, 4HR and 1HR charts with top down analysis to generate trading ideas.
