- 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.
