The AUDCHF refers to the Australian dollar and the Swiss Franc cross pair. The pair is not considered as a major pair because of the relatively low trade between the two countries. Though the pair is not as popular as AUDCHF, it is commonly used by traders as a carry trade strategy. The currency pair presents a high contrast between the two economies. The Australian dollar fluctuates drastically with commodity cycles and with any significant changes in prices making it more sensitive to risk appetite. The Swiss Franc, on the other hand, is a more stable currency thus the two provide an excellent opportunity for traders to profit from fluctuations in AUD and stability from CHF.