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- Major resistance – 0.7325 (trend line joining 0.75894 and 0.7364)
- Major support – 0.7230 (daily Tenkan-Sen)
- AUD/CHF has recovered sharply after making a low of 0.72440 at the time of writing. It is currently trading around 0.7320 .
- Short term trend is still bullish as long as minor support 0.7230 holds.
- On the lower side, minor support is around 0.7230 (daily Tenkan-Sen) and any break below targets 0.7205/0.7160 (200 day MA).
- Short term weakness only below 0.7170 (200 day MA ).
- Technically the minor resistance is around 0.7325 and any break above targets 0.7380/0.7410/0.7450.
It is good to buy above 0.7325 with SL around 0.7250 for the TP of 0.7410/0.7450/0.7500.
