FxWirePro: AUD/CHF finds stiff resistance at 200-DMA, further upside only on break above

AUD/CHF chart on Trading View used for analysis

• AUD/CHF extends choppy trade below 200-DMA resistance. Intraday bias neutral.
   
• Focus on Australian January labor market report due on Thursday at 0030 GMT.
   
• Analysts expect +15k rise on employment and jobless rate to stay steady at 5.0%.
   
• Upbeat data could put a bid under the Aussie, lifting the pair higher.
   
• AUD/CHF finds major resistance at 200-DMA at 0.7205. Breakout at 200-DMA could see some upside.
   
• Major trend is bearish and we see bearish invalidation only on breakout above 200-W SMA at 0.7325.

Support levels - 0.7162 (5-DMA), 0.7128 (55-EMA), 0.7076 (Feb 8 low)

Resistance levels - 0.7205 (200-DMA), 0.7237 (61.8% Fib), 0.7325 (200-W SMA)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.