The medium-term exchange rate target zone of the AUD/CHF has been aligned, realigned and continuously realigned to upward by confirming the strengthening of AUD against CHF in long-term.
The width of medium-term exchange rate target zone is 8 % (0.7050/0.7750) for 700 PIPs. The pair is underway to visit the 0.7750 and could be under pressure from the current rate prior to resume to move to upward direction.
The medium-term exchange rate alignment and realignment indicates for the pair to break the 0.7750 up to 0.7850 from the 0.7150 (700 PIPs).
By monetary method, AUD/CHF shall be consistently to buy/long fro the lower bands (daily, weekly, monthly) to the upper bands and not recommendable to sell/short from the upper bands to the lower bands.
MEDIUM-TERM TRADING OPERATION:
Target to Trade: 0.7850
Entry Rate at Lower Band 0.7150: Will be Updated from Below Current Rate
Exit Rate at Upper Medium-Term: 0.7950
Stop Loss Below New Entry Rate 0.7150: Will be Updated
WEEKLY TRADING OPERARTION:
Target to Trade: 0.7850
Entry Rate at Lower Band (Weekly): Will be Updated
Exit Rate at Upper Band (Weekly): Will be Updated
Stop Loss Below Lower Band (Weekly): Will be Updated
Will be updated regularly based on measured entry rates by their weighted average rates at lower bands for trading to target upper bands of the upward movement on the medium-term .
AUD/USD, AUD/JPY and AUD/CHF could be pressured down to their lower daily or weekly bands prior to resume to move to upward and at the same time the EUR/AUD could be pushed up to her upper daily or weekly bands prior to resume to move to downward. Their measured average weighted rates at lower bands for AUD/USD,
AUD/JPY, AUD/CHF (daily or weekly) and the equivalent average weighted rate at upper band for EUR/AUD will be the entry rates to long/buy AUD/USD, AUD/JPY, AUDCHF and to sell/short EUR/AUD. Unless their measured average weighted rates to be measurable, risk remain possible to trade.
AUD/USD, AUD/JPY, AUD/CHF move to upward by this morning by not reaching their average weighted rates at lower daily/weekly bands and at the same time EUR/AUD moves to downward by not reaching her equivalent average weighted rates at upper daily/weekly band. All the movements are interior the medium-term exchange rate target zone, but those movements could be at risk by revisiting their lower daily/weekly bands and equivalent upper daily/weekly band before they resumed to move to upward (AUD/USD, AUD/JPY, AUD/CHF) to visit their upper medium-term target and to downward (EUR/AUD) to visit her lower medium-term target. Daily/weekly bands trading not yet recommendable until restored, except the medium-term exchange rate target zone.
AUD heading to target.
AUD/JPY as well as AUD/USD and AUD/CHF heading to upward as projected by limiting to downward pressure to lower daily band. The upward movement supporting the AUD/USD continues to move to upward by their weighted prices.