News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
The Trend of the Day - AUD/CHF

The Trend of the Day - AUD/CHF

Gregory McLeod, Currency Analyst

take profits on this 12-day rally to buy holiday gifts. With thin holiday volumes price action could become volatile and AUD/CHF could make it down to trend line support in the .9200 area very quickly. On the other hand,

lighter than normal holiday trading volumes could see traders push prices to new highs given that resistance levels may not be that solid. Look to buy the break above the .9460 November highs with a stop below the .9266 lows.

A much better trade would be to wait for a retest of the daily trend line in the .9180 vicinity with a stop about 50 pips below the trend line.

AUDCHF 12.14.2009

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES