This symbol features the Australian Dollar – Swiss Franc cross pair. While less popular than the AUDJPY cross, the AUD/CHF has similar characteristics in that it can be used as a carry trade. Some may also view this pair as a reflection of risk sentiment due to the risk-on nature of the Australian currency and the safe-haven characteristics of the Swiss franc.
Setups we’re tracking as we open February trade with the AUD crosses in our sites heading into the RBA. Here are the updated targets & invalidation levels that matter.