We gotta watch China this week -- to see if they are going to ease their monetary policy...and if they cut currency reserve requirements -- And by how much. This trade is another little gamble, and I would just buy 1-5 units depending on how much margin you have. Any cut less than 50 basis points...and this trade should work. More than that...and it likely will not. SO....we keep the stop tight!
SELL AUD/CHF
Rate: .98250Stop: .98991
Limit: .92658
And here is one more for you....
SELL EUR/AUD
Rate: 1.23850Stop: 1.24662
Limit: 1.22298
Monitor both of these closely...and keep trailing your stops with the rate to protect your profits!
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