AUD/CHF Trade idea

• Major Intraday support - 0.7325 (trend line joining 0.72770 and 0.7315).
   
• Major resistance- 0.73865 .
   
• AUD/CHF has retreated after hitting trend line resistance. It is currently trading at 0.7356.
   
• In the hourly chart, AUD/CHF is trading slightly above Kijun-Sen (0.7349).It should break above 0.7385 for further bullishness.
   
• The pair is slightly bullish as long as support 0.7325 holds. On the lower side, any break below 0.7325 will drag the pair till 0.7277/0.7235/0.7200 level.
   
• The major resistance is around 0.7385 any violation above will take the pair to next level till 0.74255 0.7460 (61.8% retracement of 0.7570 and 0.72770) in the short term.

It is good to buy on dips around 0.7350-55 with SL around 0.7310 for the TP of 0.7425/0.7460.

Resistance

R1- 0.7385

 R2-0.7425

 R3-0.7460

Support

S1-0.7325

S2-0.7270

S3-0.7235