- Major support – 0.7350 (trend line joining 0.73460 and 0.73508).
- Major intraday resistance -0.7400 (200 HMA).
- The pair has declined once again after jumping till 0.73850. It is currently trading around 0.73586.
- The intraday trend is still weak as long as resistance 0.7400 holds. Any break above 0.7400 will take the pair to next level till 0.7440/0.7500. Overall bearish invalidation only above 0.7600.
- AUD/CHF has closed well below 21 day MA yesterday. So further break below trend line support (0.73500) confirms major weakness, a decline till 0.7250/0.7200 is possible.
- On the higher side, the pair has jumped till 7 day EMA at the time of writing and started to decline from that level.
It is good to sell below 0.7350 with SL around 0.7400 for the TP of 0.7250/0.7205.
