AUD/CHF Trade idea

• 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