AUD/CHF chart - Trading View
- AUD/CHF edges lower from 6-week highs at 0.7191, trades 0.32% lower on th day at 0.7164 at 0830 GMT.
- Aussie dented on mixed Chinese CPI and PPI releases amid souring risk sentiment.
- Price action has broken above 200-DMA and daily cloud. Scope for further upside on bullish momentum.
- Upside finds stiff resistance at 55W EMA at 0.7201. Break above required for further upside.
- Next major bull target above 55W EMA lies at 61.8% Fib at 0.7237. Bullish invalidation likely on retrace below 200-DMA.
Support levels - 0.7144 (200-DMA), 0.7139 (5-DMA), 0.7130 (50% Fib)
Resistance levels - 0.7201 (55-W EMA), 0.7237 (61.8% Fib), 0.7262 (Feb 5 high)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


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