FXWirePro:AUD/CHF faces trend line resistance at 0.7460, good to buy on dips
Major support – 0.7460 (trend line joining 0.75616 and 0.75005). The pair has broken minor resistance at 0.7420 and jumped till 0.74433 at the time of writing. It is currently trading around 0.74320. AUD/CHF is facing st…
Major support – 0.7460 (trend line joining 0.75616 and 0.75005).
The pair has broken minor resistance at 0.7420 and jumped till 0.74433 at the time of writing. It is currently trading around 0.74320.
AUD/CHF is facing strong resistance around 0.7460 (trend line joining 0.75616 and 0.75005) and any break above targets 0.75005 (Sep 6th 2016 high)/0.7570.
On the lower side, support stands at 0.7378 (21- day MA) and any break below targets 0.7294 (100- day MA)/0.7250 (200- day MA).
Short term trend reversal only below 0.7250.
It is good to buy on dips around 0.7360 with SL around 0.7290 for the TP of 0.7440/0.7500.
