AUTOREFRESH 
Risk on or off? Have a look at AUD/CHF
There can surely be no currency pair which gives a better indication of how the market is assessing the risk trade than AUD/CHF. If China is booming, the world economic prospects seem good and the AUD is rallying. If doom-and-gloom are preoccupying peoples thoughts, then the CHF is rallying.
A quick look at the long-term AUD/CHF chart shows that risk in general has been back in favour since March 2008 but it took a turn in May this year. The 38.2% retracement of the big upmove came in at .8925 and that has proven to be good support thus far. If we break back below there then risk would seem to be off again and we could fall as far as .8150 when the risk trades should find new support. If the .8925 recent low and and now trendline support were to hold firm, then we should be looking to a major rally in all risk trades over the next few months.
Definitely a pair at least worth watching if not trading.
Since AUD/CHF is at a fairly high level and it does sell off to .81, will the opposite reaction happen in USD/CHF since its around a all time low?
and eurchf is also playing to this theory, AUD also looks lofty at 91ish cant help but think it being kept there ahead of bad NFP tonight ready for a sell
Check out Kiwi 2 hour charts — it is now finding support on the 200SMA — this thing has been trending upwards very nicely…..
Next resistance on AudJpy is approx 78.50 on the daily charts – look out for the 100 SMA — enjoy!!
77.33, is the next area of daily trend resistance. Current price, hasn’t even gotten through the 50 day moving average yet! Good grief. I’m hittin’ the sack after a few chillies. Good luck and good night.