- AUD/CHF has shown a breakout at major trendline resistance at 0.7680, bias higher.
- The pair has hit 15-week highs at 0.7729 before paring some gains to currently trade at 0.77 levels.
- Upside finds minor resistance at 0.7730 (trendline connecting Oct 20 and Nov 2 high).
- Technical indicators support upside, RSI strong at 67 levels with room to run further.
- Stochs are biased higher, ADX is above 25 levels and rising with +ve DMI dominance.
- Next bull target above 0.7730 lies at 0.7755 ahead of 0.78. Retrace below 100-DMA at 0.7607 will invalidate bullish bias.
Support levels - 0.7675 (5-DMA), 0.7622 (20-DMA), 0.7607 (200-DMA)
Resistance levels - 0.7730 (trendline), 0.7755 (Sept 25 high), 0.78 (Sept 21 high)
Recommendation: Good to go long on breakout at 0.7730, SL: 0.7675, TP: 0.7755/ 0.78
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