FxWirePro: AUD/CHF finds stiff resistance at daily cloud, further upside only on break above

AUD/CHF chart on Trading View used for analysis 

• AUD/CHF rejected at session highs at 0.7064, trades 0.11% lower at 0.7045.
   
• The pair finds stiff resistance at 50-DMA and daily cloud and we see further upside only on break above.
   
• 21-EMA is immediate support at 0.7030, we see weakness on break below.
   
• Technical indicators are neutral to slightly bearish on the daily charts. Successive spinning tops raises scope for weakness. 
   
• Price action below daily cloud and major moving averages. Break below 21-EMA will see test of 0.6875 levels. (Sept lows).

Support levels - 0.7030 (21-EMA), 0.70, 0.6970 (Oct 11 low)

Resistance levels - 0.7078 (50-DMA), 0.7088 (cloud base)

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