FxWirePro: AUD/CHF breaks above 21-EMA, eyes 55-EMA at 0.7412

• AUD/CHF is extending gains for the 3rd straight session, trades 0.42% higher at the time of writing.
   
• The pair has broken above 21-EMA resistance at 0.7368, bias higher.
   
• Technical analysis supports further upside in the pair. Stochs show bullish momentum and RSI is rising above 50 levels.
   
• We see -ve DMI crossover on -ve DMI MACD is showing a bullish crossover on signal line.
   
• Next major resistance on the upside lies at 55-EMA at 0.7412. Break above will see gains upto 50-DMA at 0.7446.
   
• On the downside, failure to hold break above 21-EMA will see resumption of weakness.

Support levels - 0.7368 (21-EMA), 0.7346 (5-DMA), 0.73

Resistance levels - 0.7412 (55-EMA), 0.7446 (50-DMA), 0.7491 (200-DMA)

FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at 83.2727 (Neutral), while Hourly CHF Spot Index was at -82.8158 (Neutral) at 1130 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.