Johanes

CHF Based Currency Band Waiting for ATWR to Turn to Upward

Long
FX_IDC:NZDCHF   NEW ZEALAND DOLLAR / SWISS FRANC
CHF has been stronger then NZD, AUD, CAD, GBP, EUR and USD in medium term by pushing the NZDCHF, AUDCHF, CADCHF, GBPCHF, EURCHF and USDCHF to downward down to their previous lower medium term band/lower ceiling. However, those pairs not to reach their average traded weighted rate (ATWR) at their lower band yet. Price correction by NZDCHF and USDCHF is underway. Thus, new long trade of medium term price stability is still pending for ATWR.

I still short on NZDCHF and GBPCHF until price adjustment to be reached (on-going analysis).

The presented "horizontal technical charts" herein almost similar to currency band, but currency band is presented in "vertical currency band charts", not horizontal.
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