The Aussie $ seems poised to gain on several other currency units based on the charts.
AUD/CHF -- the weekly chart displays a 22-month symmetrical triangle. A decisive close above the Apr 2016 high will be enough to warrant a long position. I am willing to risk about 60 BPs on the trade. Symmetrical triangles often lack reliability. Also, patterns longer than 12-months are more apt to experience morphing.
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https://www.peterlbrandt.com/wp-content/uploads/2016/10/Factor-Alert-Oct-18-2016-Australian-Dollar.jpg601900Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2016-10-18 08:40:242016-10-31 10:30:10Factor Alert (Oct 18, 2016) — Australian Dollar
https://www.peterlbrandt.com/wp-content/uploads/2016/10/Factor-Update-October-9-2016.jpg630900Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2016-10-08 20:51:442016-10-08 20:51:44Factor Update – October 9, 2016 includes a Special Feature on Gold Production
https://www.peterlbrandt.com/wp-content/uploads/2016/10/Screen-Shot-2016-10-06-at-5.53.00-AM.png7071550Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2016-10-06 06:55:002016-10-06 06:57:38Member only Q&A with Peter 10/13
Factor Alert (Oct 18, 2016) — Australian Dollar
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