AUD/CHF trade idea

• Harmonic pattern formed- Bearish Bat pattern
   
• Potential Reversal Zone (PRZ) – 0.75005
   
• The pair has formed Bearish Bat pattern in daily chart and any further bullishness can be seen only above Potential Reversal Zone (PRZ).
   
• Any break above 0.7500 will take the pair to next level till  0.7570/0.75976.
   
• On the lower side, support stands at 0.7461 (9- day MA) and any break below targets 0.7419 (200- HMA)/0.7400.

It is good to sell on rallies around 0.7480 with SL around 0.7510 for the TP of 0.7418.

Resistance
 

R1- 0.7500
 

R2-0.7570

R3-0.7600
 

Support
 

S1-0.7460
 

S2-0.7419
 

S3-0.7400