- Major support – 0.7357 (10- day MA).
- Major resistance – 0.7460
- The pair has formed a bottom around 0.73614 on yesterday and started to jump from that level. It is currently trading around 0.74174.
- AUD/CHF jumped till 0.74570 and slightly retreated from that level. The pair is facing strong support at 10-day MA and any break below will drag the pai8r further down till 0.7300 (100- day MA)/0.7260 (200 –day MA).
- Overall bullish invalidation only below 0.7250 level.
- On the higher side, minor resistance is around 0.7460 and any violation above that level targets 0.7500/0.75700.
It is good to buy on dips around 0.7400 with SL around 0.7355 for the TP of 0.7500/0.7570.
