AUD/CHF was the best trade this week: A closer look

Technical Analysis

Author: Adam Button | audchf

AUD/CHF technical analysis

The Australian dollar was the best performer this week while the Swiss franc lagged. The pair gained nearly 3%, or 220 pips.

The pair is at an interesting technical crossroads.

Today it touched above the 100-day moving average for the first time since April 29. But it's bumping up against the mid/late-June highs of 0.7292 after gains in 4 of the past 5 days.

AUDCHF daily

This isn't a pair that's traded actively so don't expect any kind of boost from technical momentum or a run on stops.

It see it as another look at the broad Swiss franc struggles. That's a welcome development for the SNB and the struggling Swiss economy.

Ryan took a look at some levels to watch in EUR/CHF earlier today.

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