Thursday, October 15, 2026

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FxWirePro: AUD/CHF faces strong resistance at 0.7380, good to buy at dips

AUD/CHF has retreated after making a high of 0.7304 and declined drastically from that level. It is currently trading around 0.72271. Short term trend is bullish as long as support 0.7030 holds. On the higher side, minor…

By FxWire Pro
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FxWirePro: AUD/CHF faces strong resistance at 0.7380, good to buy at dips
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  • AUD/CHF has retreated after making a high of 0.7304 and declined drastically from that level. It is currently trading around 0.72271.
     
  • Short term trend is bullish as long as support 0.7030 holds.
  • On the higher side, minor resistance is around 0.72560 (Jun 1st 2016 high) and any break above targets 0.7304/0.7365.
     
  • The pair is facing strong resistance around 0.7380 (61.8% retracement of 0.7597 and 0.7032) and break above targets 0.741/0.7450.
     
  • The upside from 0.7035 to 0.7365 will end only if the pair closes below 0.7000.
     
  • The major support is around 0.7140 and break below will drag the pair till 0.7010/0.7030.​

    It is good to buy at dips around 0.7020 with SL around 0.7095 for the TP of 0.7317/0.7380

                  

 

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By FxWirePro Team