FxWirePro:AUD/CHF downside capped by 10 –day MA, good to buy on dips

• Major support -0.7516 (10- day MA).
   
• Major resistance – 0.76525
   
• AUD/CHF has formed a temporary top around 0.76525 and declined sharply from that level till 0.75324.It is currently trading around 0.75935.
   
• The pair takes support near 10 –day MA and any further weakness can be seen only below that level.
   
• On the lower side, minor support is at 0.75569 (23.6% retracement of 0.72473 and 0.76525) and any break below will drag the pair down till 0.7530/0.7516 (10- day MA).Any close below 10- day MA confirms further weakness.
   
• The major resistance is around 0.76075 (61.8% retracement of 0.7625 and 0.7532) and any break above 0.76075 will take the pair to next level till 0.76525/0.7680/0.77293 (161.8% retracement of 0.76525 and 0.75325).

It is good to buy on dips  around 0.7575 with SL around 0.7530 for the TP of 0.7650/0.7685