FxWirePro: AUD/CHF takes support at 21- day MA, good to buy on dips
Major support – 0.7415 (21 day MA). Major resistance -0.7570. AUD/CHF has slightly recovered after making a low of 0.74459 yesterday. It is currently trading around 0.74691. AUD/CHF is facing strong resistance at 0.7570…
AUD/CHF has slightly recovered after making a low of 0.74459 yesterday. It is currently trading around 0.74691.
AUD/CHF is facing strong resistance at 0.7570 and any further bullishness only above that level.
Short term trend is still bullish as long as support 0.7410 holds. Any break above 0.7570 will take the pair to next level till 0.7600/0.7650. Overall bullish invalidation only below 0.7230.
On the lower side minor support is around 0.7415 and any break below will drag the pair down till 0.7350/0.7300.
It is good to buy at dips around 0.7450 with SL around 0.7415 for the TP of 0.7570/0.7600.
