FxWirePro: AUD/CHF rangebound around 200W SMA, further upside only on break above

• AUD/CHF hovers around 200W SMA at 0.7431, price largely range bound.
   
• Aussie dented after China Q2 growth slowed as expected, industrial production printed weaker-than-expected.
   
• The pair is edging higher after breaking major resistance at 21, 55 and 110 EMAs. 
   
• Technical indicators on daily charts are turning slightly bullish. Breakout at 200W SMA could see further upside.
   
• The pair is trading in a 'Symmetric Triangle' pattern and breakout at 200W SMA could see test of 61.8% Fib at 0.7585. 
   
• Rejection there could see resumption of weakness. Scope then for test of Triangle base at 0.7295 levels.

Support levels - 0.7405 (5-DMA), 0.7384 (21-EMA), 0.7373 (23.6% Fib)

Resistance levels - 0.7454 (38.2% Fib), 0.7485 (200-DMA), 0.75, 0.7585 (61.8% Fib)

FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at 110.033 (Bullish), while Hourly CHF Spot Index was at -89.8057 (Bearish) at 0545 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.