- Major support – 0.7370 (21- day MA)
- The pair has broken 21- day MA at 0.7370 and jumped till 0.74164 from that level. It is currently trading around 0.73827.
- AUD/CHF is trading slightly above 21- day MA and a jump till 0.7440 (61.8% retracement of 0.7570 and 0.72470)/0.75005 (Sep 6th 2016 high)/0.7570.
- On the lower side, support stands at 0.7358 (10- day MA) and any break below targets 0.7290 (100- day MA)/0.7250 (200- day MA)
- Short term trend reversal only below 0.7250.
It is good to buy on dips around 0.7360 with SL around 0.7290 for the TP of 0.7440/0.7500.
Resistance
R1- 0.7440
R2-0.7500
R3-0.7570
Support
S1-0.7358
S2-0.7290
S3-0.7250
