Revisiting Aussie Upside

by Ashraf Laidi

Mar 10, 2009 12:34

Aussie appears at the cusp of exploiting broad gains amid a modest advances in risk appetite as the currency is characterised with superior structural foundation and yield foundation. Each of my calls on HotCharts favouring AUDCAD (Feb 16) and AUDCHF (Mar 3) attained their upside targets. Today, AUDCHF is underpinned by a more attractive momentum and fundamental positioning, eyeing 74.65, (23% retarcement of 79.32-73.10 decline, followed by 75.25. This weeks Swiss National Bank rate decision may generate speculation on credit easing, which is a negative for CHF. Support stands at 72.90.

More Hot-Charts

• Nasdaq100 Update

  Sep 12, 2024 18:11 | by Ashraf Laidi
  Since entering Nasdaq100 Longs on Monday at 18550, we kept accumulating and locking gains until 19230 yesterday and 19380 today.

• Pre CPI Charts

  Sep 11, 2024 13:05 | by Ashraf Laidi
  Will Nasdaq extend gains towards 18980s this week before retracing lower on the week of the Fed.

• Nasdaq100 Daily & Weekly

  Jul 17, 2024 17:53 | by Ashraf Laidi
  The triple top in weekly RSI suggests the following price and time implications:  . PRICE: 18700. TIME: Duration of downside may last for another 3 to 4 weeks.