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Thomas Long, Course Instructor

What this pair has in common with the strong downtrends noted in the EUR/AUD and the GBP/AUD is a strong AUD. This was the theme in 2009 and continues into 2010. What these pairs also have in common is that they are showing weak European currencies. The EUR, GBP and the CHF have all been weak since the beginning of 2010, particularly the EUR and the GBP. One rule of trading is that nothing changes until it can be confirmed as having changed. So in addition to looking for sells in the EUR/AUD and the GBP/AUD, I would continue to look for buying opportunities in the AUD/CHF as long as it remains above the .95439 low noted on the chart.

audchf 031010


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