AUD/CHF Trade Idea

Break out level: 0.7205 (trend line joining 0.7139 and 0.7164)

• The pair has broken a major resistance 0.7205 and jumped till 0.72380. It is currently trading at 0.72114.
   
• On the downside the support is around 0.7114 (Cloud top) and break below will drag the pair till 0.7085/0.7035.
   
• The minor support is around 0.7150.
   
• AUD/CHF has made a temporary high around 0.7238 and slightly retreated from that level. Any break above temporary high will take the pair to new level 0.7300.

It is good to buy at dips around 0.7200-05 with SL around 0.7150 for the TP of 0.7300

Resistance

R1-0.7205

R2-0.7250

R3- 0.7300

Support

S1- 0.7150

S2-0.7085

S3-0.7035