With improved risk sentiment coming to the fore on Friday, the currency charts hint that the Aud will be the beneficiary, looking good against both the US$ and on the crosses (GbpAud, EurAud, AudNzd and AudJpy). Elsewhere the big dollar looks set to start the week in choppy fashion and a nimble stance is required although demand for US$Jpy may increase while the positive risk sentiment remains in place. Risk sentiment, as measured through the stock indices, also looks good and it would seem that we could yet look to retest the highs although I think bond yields are eventually headed higher, with the US10 years eventually likely to break above 3%, which could bring a swift about turn to the downside for stocks.
Right now I prefer to fade the move in US$Chf and to buy the dips, whiles also looking at buying AudUsd and UsdJpy for short term moves to the topside.
*Trade of the day: 3/12/2018 7:04 AM (AET)
Buy US$Jpy @ 106.40. SL @ 105.85, TP @ 107.40
Buy US$Chf @ 0.9485. SL @ 0.9435, TP @ 0.9600
Buy AudUsd @ 0.7800. SL @ 0.7765, TP @ 0.7885
*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.