USD/CHF…88.00 Suisse becomes a significant momentum level on the weekly-semi annual charts. It is a big momentum area.

If you take the time to look at an hourly chart, both the Euro & Swiss move started with the opening of early London and continued.

Just how much of this move is nothing but Oligarchs hiding their money remains to be seen.

It’s not a direction to chase given the geopolitical ramifications and month end.

Currency traders would be better served to wait until Sunday night and then trade with a tight stop either way.The very long term charts show the possibility of a larger move up in the Swiss Franc. Wait for confirmation, since this can be a huge Bull trap.

EUR/AUD…154.19 is the 2013 close in this cross.

Same story…this has the potential for higher, however today would not be on my list of days to chase.