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AUD/CHF: Buy above 0.7550

  • Major intraday support – 0.7490 (21 4H MA).
     
  • Major resistance -0.7550
     
  • The pair has once again slightly declined after making a high of 0.7548 at the time of writing. It is currently trading around 0.75402.
     
  • AUD/CHF is facing strong resistance at 0.7550 and any further bullishness only above that level.
     
  • The intraday trend is still bullish as long as support 0.7490 holds. Any break above 0.7550 will take the pair to next level till 0.7600/0.7650. Overall bullish invalidation only below 0.7230.
     
  • On the lower side minor support is around 0.7490 and any break below will drag the pair down till 0.7460 (4H Kijun-Sen)/0.7370 (200 4H MA).

It is good to buy above 0.7550 with SL around 0.7490 for the TP of 0.7600/0.7650.

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