FxWirePro: AUD/CHF consolidates break above 200-DMA, eyes 78.6% Fib at 0.7431

AUD/CHF chart on Trading View used for analysis 

• AUD/CHF is extending consolidation above 200-DMA, bias higher.
   
• The pair is trading largely muted on the day at 0.7345 at the time of writing.
   
• Technical studies are biased higher. RSI shows strength above 50 levels with room to run further.
   
• Stochs are sharply higher and MACD is on verge of bullish crossover on signal line.
   
• The pair has broken above 61.8% Fib and is on track to test 78.6% Fib at 0.7431.
   
• Retrace below 200-DMA to see weakness. Dip till 110-EMA at 0.7208 likely.

Support levels - 0.7306 (5-DMA), 0.7290 (200-DMA), 0.7208 (110-EMA)

Resistance levels - 0.7431 (78.6% Fib), 0.75

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.