AUD/CHF - Safety Over Surety - 5/2/2018

Is AUD/CHF going to 0.70 or 0.80 in next few weeks or months? I really don't know. Only thing I am aware about is that one central bank has negative interest rate and another has positive ( and stable so far ! ) So even if the pair doesn't move much, it provides carry benefit.
As you know, Australian dollar is currently in limbo. AUD and NZD are no more going gaga over sanguine equity saga. Correlations have changed and it looks like AUD/USD is not going to move much in upward direction until we see any change in RBA's intentions.
That leads us to AUD/CHF, which is swinging comfortably between 0.72 and 0.78. My thinking is that even if AUD has room to fall against USD for another 5 to 8 cents, it won't fall much against CHF. And even if it does, it provides good opportunity to load up AUD/CHF near 0.70. It is one of positional trade, so may not be suitable for all traders but those who like to keep slow money coming, it is good to get in anytime, if you know how to scale in/out between 0.70 and 0.78. I have been trading it that way for almost about a year now and still no reason to quit that.