AUDCHF has been screaming 'sell' for a while now, I've just waited for the catalyst which I think we just got today. CHF just came out with strong numbers on the consumer price index. Helping this setup to take off. We just passed 25EMA (not shown on this chart) and a cross over on a midterm stochastic (not on this chart). Cash is building up with weak buying volume. I trust this one to fall today or tomorrow. Because of the short distance to the next support level, I would not go in with a huge position, but rather with a minor to small amount.
Comment:
Good time to scale out and setup a tight stop loss, to avoid getting caught, if it reverses. It might break support, but no good reason not to lock in some gains.
