long audchf setup from demand

FX:AUDCHF   Australian Dollar / Swiss Franc
44 0
long positioned opened from the bottom of the line ....aud has been very weak recently ..this pair initially rallied to the 740 range a few weeks ago but could not hold on ...positioned was closed as the price reversed on both occasions.

news today from the chf member is a comment about rates not looking likely for a while so we should get some rebalancing here from the demand zone .

stop loss should be around the 72500 area ..reason here is this pair reacts to the trade news and sometimes swings about ..looking at a tp of 7500 area

as always keep a eye on the data ..will update as this comes along
Mar 31
Comment: bit of pull back on friday which sets up nicely for the next rally ...aud data on Tuesday....but with a weakening chf ...we should be okay here for the upper targets
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