AUD/CHF is a classic ‘risk on’ trade and that’s the kind of week it was. The threat of war in Ukraine died down and markets breathed a sign of relief.
FX returns this week
AUD/CHF rose 144 pips but is only back where it was two weeks ago.
The exciting news for technicians is that the pair is flirting with the downtrend that started a year ago.
On the daily chart, the pair is poised to close above the 55-day moving average for the first time in nearly a month.
