AUD/CHF breaks minor trend line resistance, a jump till 0.7364/0.7380 is possible

• Major resistance -0.7220 (trend line joining 0.7364 and 0.7304)
   
• Major support – 0.7155 (61.8% retracement of 0.7034 and 0.7364)
   
• The pair has recovered sharply after making a low of 0.7165. It is currently trading around 0.72458.
   
• Short term trend is slightly bullish as long as support 0.7155 holds. Any break below 0.7155 will drag the pair down till 0.7120 (trend line joining 0.7032 and     0.71819)/0.70978 (Jun 24th low).
   
• Overall bullish invalidation only below 0.7030 (Jun 16th low).
   
• On the higher side, resistance is around 0.7256 and any violation above 0.7256 will take the pair till 0.7304/0.7364.
   
• The pair is facing strong resistance around 0.7380 (61.8% retracement of 0.7597 and 0.7032) and break above targets 0.741/0.7450.

It is good to buy at dips around 0.7220 with SL around 0.7155 for the TP of 0.7364/0.7380