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FxWirePro- Major European Indices 
AUD/CHF chart on Trading View used for analysis
- AUD/CHF rejected at session highs at 0.7071, extends weakness below 50-DMA.
- The pair trades largely muted on the day at 0.7043 at the time of writing, bias neutral to slightly bearish.
- The pair finds stiff resistance at 50-DMA and daily cloud and we see further upside only on break above.
- 21-EMA is immediate support at 0.7031, we see weakness on break below.
- Technical indicators are neutral to slightly bearish on the daily charts. Successive spinning tops raises scope for weakness.
- Price action below daily cloud and major moving averages. Break below 21-EMA will see test of 0.6875 levels. (Sept lows).
Support levels - 0.7031 (21-EMA), 0.70, 0.6970 (Oct 11 low)
Resistance levels - 0.7071 (50-DMA), 0.7082 (cloud base)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
