AUD/CHF Trade Idea

• Major resistance – 0.7225 (200 4 H MA)
   
• The pair has broken the minor resistance of 0.7160 (90 4H EMA) and jumped till 0.72147. It is currently trading around0.72105.
   
• Short-term trend is slightly bullish as long as support 0.7135 holds.
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• On the lower side any break below 0.7135 will drag the pair down till 0.7100/0.7080/0.7050.
   
• Any indicative break above 200 4 H MA will take the pair to next level till 0.7260/0.7320/0.73625.
   
• Short term weakness only below 0.7050 level.

 It is good to buy above 0.7220 with SL around 0.7135 for the TP of 0.7320/0.7360.

R1-0.7225

 R2-0.7260

R3-0.7325

Support

S1-0.7135

S2-0.7080

S3-0.7050