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Thread: AUDCHF

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    Senior Member fxtester's Avatar
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    Nov 2008

    Default AUDCHF

    This chart clearly shows the "safe haven" side of CHF.

    The price is living in a narrow channel comparing to its historic.

    Despite the last gap, it is still over the major support.

    What will happen in the future ?

    The SNB has put too much effort in the PEG, the economy won't like the high prices, and Switzerland mainly relies on exportation.

    Also the bank secrecy is weak comparing to 10-20 years ago. The clients prefer now different locations to store their money.

    The consequence will be a collapse of CHF.

    When ? it's hard to say. It can be in 5 years (the approximate time for the price to join red the down trendline).
    Last edited by fxtester; 01-29-2015 at 18:11.

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channel, high, money, safe, support, time

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