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AUD/CHF faces trend line support at 0.7195, break below targets 0.7050

  • Major Trend line support -0.7195 (trend line joining 0.7057 and 0.7182)
     
  • The pair has made a temporary top around 0.7030 and started to decline from that level.  It is currently trading around 0.7205 level.
     
  • On the lower side minor support is around  0.7195 will drag the pair down till 0.7125/0.7050.
     
  • Its resistance is around 0.7250 and break above targets 0.7300/0.7360.

It is good to sell below 0.7195 with SL around 0.7250 for the TP of 0.7125/0.7057

 

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