AUD/CHF (-63)

with the recent developments of Greek and Portuguese bonds marking record highs with their German counterpart, all risk & commodities currencies are taking a hit. Last few days copper was marking lower numbers and with combination of falling equities AUD can sustain substantial losses. CHF looks like the bet with smallest stop and biggest profit if risk is to stay at least for a few days. U.S. equities are indicating lower opening what should serve our trade. MACD indicator shows the clearest cases of previous divergences and their results. Stops should be placed above recent highs and targets should start at 0.9750 or at/about 50 simple moving average.