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- Major support - 0.7237 (Aug 8th low).
- Major resistance- 0.7355.
- AUD/CHF has bounced sharply after hitting a low of 0.72770 on Friday. It is currently trading at 0.73472.
- In the hourly chart, AUD/CHF is trading slightly above Tenkan-Sen (0.7344) and Kijun-Sen (0.7335).
- The pair is slightly bullish as long as support 0.7275 holds. On the lower side, any break below 0.7275 will drag the pair till 0.7235/0.7200 level.
- The major resistance is around 0.7356 and any violation above will take the pair to next level till 0.7405 (200 HMA)/0.7450 in the short term.
It is good to buy on dips around 0.7325-0.7330 with SL around 0.7275 for the TP 0.7405/0.7445
