AUD/CHF Trade Idea

AUD/CHF has recovered after making a low of 0.69215. It is currently trading around 0.7068.

• Major resistance - 0.7060 (trend line joining 0.73125 and 0.7252)
   
• The pair has broken major resistance 0.7060 and jumped till 0.7087 at the time of writing.
   
• Any break above 0.7060 confirms minor bullishness a jump till 0.7200 Is possible .
   
• On the downside minor support is around 0.7000 and break below targets 0.6920/0.6850.

It is good to buy at dips around 0.7000 with SL around 0.6920 for the TP of 0.7200

R1-0.7060

 R2-0.7110

R3-0.7220

Support

S1-0.7000

S2-0.6920

S3-0.6840