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- Major support – 0.7410 (21 day MA).
- Major resistance -0.7550
- The pair has broken minor psychological resistance 0.7500 and jumped till 0.753431 yesterday. It is currently trading around 0.75312.
- AUD/CHF is facing strong resistance at 0.7550 and any further bullishness only above that level.
- Short term trend is still bullish as long as support 0.7410 holds. Any break above 0.7550 will take the pair to next level till 0.7600/0.7650. Overall bullish invalidation only below 0.7230.
- On the lower side minor support is around 0.7465 and any break below will drag the pair down till 0.7410/0.7350.
It is good to buy above 0.7550 with SL around 0.7490 for the TP of 0.7600/0.7650.
R1- 0.7550
R2-0.7600
R3-0.7650
Support
S1-0.7465
S2-0.7410
S3-0.7350
