AUD/NZD bounced from the shoulder line. But had the issues with the trade in the post above to deal with. Still not convinced that this will continue heading up but lets see.
- | Joined Jan 2015 | Status: Member | 866 Posts
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DislikedTaken profit. Although they will probably kick the can this weekend. If we get no deal then I could get double whammied as my money is in Sterling. Still think higher for CAD CHF but could get bumpy short term.Ignored
DislikedHi Brixen, the Swiss currency would be most correlated to the Brexit deal due to is role as a safe haven currency. As you know the Swiss are within Europe but are actually outside of the European Union. So my thinking is that investors will park their money there whilst they waiting for clarity on Brexit. The higher the chance of no-deal, the stronger CHF would become as we would be in a risk off environment. Likewise if progress is made towards a deal then money is likely to run out of CHF to higher yielding currencies such as CAD. The article...Ignored