Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

AUD/CHF Trade Idea

  • Major resistance -0.7155 (trend line joining 0.7245 and 0.7200)
     
  • AUD/CHF has violated trend resistance and jumped till 0.7195 at the time of writing. It is currently trading around 0.71785.
     
  • Aussie traded higher against all major pair’s today morning on upbeat building approvals combined with positive current account data.
     
  • Short term is still bullish as long as 0.7805 low made on 26th May 2016 holds.
     
  • The pair’s immediate support is around 0.7130 (200 day MA) and break below targets 0.7805/0.7058.
     
  • Short term bullish invalidation only below 0.7050.
     
  • On the higher side short term resistance is around 0.7200 and any indicative break above will take the pair till 0.7225/0.7285 level.

It is good to buy at dips around 0.7150 with SL around 0.7080 for the TP of 0.7245/0.7285

R1-0.7200

 R2-0.7225

R3-0.7280

Support

S1-0.7130

S2-0.7085

S3-0.7050

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.