- Major support – 0.7250 (200- day MA).
- The pair has taken support at 200- day MA and jumped from that level. It is currently trading around 0.7307.
- AUD/CHF is trading slightly above 100- day MA and it trading well below 10- day MA (0.7370).the pair should break above 10- day MA for further bullishness. Any break above 0.7370 will take the pair to next immediate level at 0.7404 (daily Kijun-Sen)/0.7440 (61.8% retracement of 0.7570 and 0.72470).
- On the lower side, support stands at 0.7250 and any break below targets 0.7169/0.7070 (61.8 % retracement of 0.6750 and 0.75976).
It is good to sell on rallies around 0.7320-25 with SL around 0.7370 for the TP of 0.7250/0.7205.
Resistance
R1- 0.7370
R2-0.7405
R3-0.7440
Support
S1-0.7250
S2-0.7200
S3-0.7169
