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AUD/CHF breaks minor trend line resistance , targets 0.7200

  • AUD/CHF has recovered after making a low of 0.69215. It is currently trading around 0.7068.
     
  • Major resistance - 0.7060 (trend line joining 0.73125 and 0.7252)
     
  • The pair has broken major resistance 0.7060 and jumped till 0.7087 at the time of writing.
     
  • Any break above 0.7060 confirms minor bullishness a jump till 0.7200 Is possible .
     
  • On the downside minor support is around 0.7000 and break below targets 0.6920/0.6850.

It is good to buy at dips around 0.7000 with SL around 0.6920 for the TP of 0.7200

 

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