Technical Trade Note AUD/CHF - 14 May 2018

Update – (16/05/2018) - AUD/CHF

AUD/CHF has reached our first target price of 0.7485 and well spotted by Musa Makoni. Nearly reaching our second target price as well, we expect some buying coming into the market but will hold the currency pair to our second target price of 0.7448.

How to proceed: (Two ways of managing your trade)

1. Take partial profit and manage your stop to entry 0.7525.
2. Move your stop loss to your entry 0.7525 and let the price action run to your second target price at 0.7448.

 Source: Bloomberg

*End

Original Trade idea on AUD/CHF

So, the one and only Musa Makoni has brought this excellent trade opportunity to my attention on the AUD/CHF.

"The Australian monetary policy minutes are expected tomorrow morning and might result in significant volatility. We are also expecting PPI data from Switzerland which should also cause significant volatility" – Musa Makoni.

Trade: AUD/CHF

• Entry (Sell): 0.7528 (aggressive traders can short from current level i.e. 0.7540 or better)
• Stop loss: 0.7555
• Target price 1: 0.7485
• Target price 2: 0.7454

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