Harmonic Pattern- Bearish Bat Pattern
Potential Reversal Zone (PRZ)- 0.7150
AUDCHF is trading high for past two trading days and jumped nearly 80 pips from low of 0.70436. It hits intraday high of 0.71296 and is currently trading around 0.71198.
On the higher side, near term resistance is around 0.7130 and any violation above will take the pair till 0.7150 .Any further bullishness only above 0.71500 and any break above targets 0.7200.
The near term support is around 0.7100 and any violation below will drag the pair to next level till 0.70400/0.7020. Any break below 0.7000 confirms bearish continuation.
It is good to sell on rallies around 0.7125-30 with SL around 0.7175 for the TP of 0.7000.
