Tag Archive for: AUD/EUR

Factor Alert (Oct 18, 2016) — Australian Dollar

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.   Read More