The trend in past month has been CHF strength and AUD weakness. Oftentimes ahead of a risk event, like the FOMC decision, you see those trades retrace.
What do we have today? More CHF strength (it’s the best performer) and more AUD weakness (it’s the worst performer).
In AUD/CHF, the 14-day RSI is near the lowest levels of the year and any bounce might be modest but it’s tough to be on the short side of this trade.
AUDCHF daily
