The AUD/CHF currency pair, which expresses the value of the Australian dollar in terms of the Swiss franc, has remained remarkably steady over the past few weeks. AUD/CHF has been trapped within a tight range of between 0.6495 and 0.6650, just over 150 pips, in spite of global risk sentiment being broadly positive during this period.
(Chart created by the author using TradingView. The same applies to all subsequent candlestick charts presented hereafter.)
We would typically expect to see AUD move higher against CHF during times of risk-taking activity. I often draw