Trade photo

It a long USD trade 'support and resistance' trade. based on dollar strength, caused by the unwinding of FED rate cut bets due to the strong economy and the 'Trump trade'.

It's a 20 pip stop loss with 30 pip profit target.

I've chosen the CHF to long as I believe recent swiss strength is unjustified as the SNB remains the most dovish central bank.

The risk to the trade is if Mondays USD 'pullback' continues.

There is a case to say the AUD is also longable as an interest rate differential trade thanks to 'hawkish' RBA meeting minutes. But I'm sticking with USD longs for now.