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- AUD/CHF has retreated after making a high of 0.7360 and declined drastically from that level. It is currently trading around 0.72043.
- Short term trend is bullish as long as support 0.7030 holds.
- On the higher side, minor resistance is around 0.7205 (90 day EMA) and any break above targets 0.7255/0.7317/0.7365.
- The pair is facing strong resistance around 0.7380 (61.8% retracement of 0.7597 and 0.7032) and break above targets 0.741/0.7450.
- The upside from 0.7035 to 0.7365 will end only if the pair closes below 0.7000.
- The major support is around 0.7140 and break below will drag the pair till 0.7010/0.7030.
It is good to buy at dips around 0.7020 with SL around 0.7095 for the TP of 0.7317/0.7380
