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- Major support – 0.7415 (21 day MA).
- Major resistance -0.7570.
- AUD/CHF has slightly recovered after making a low of 0.74459 yesterday. It is currently trading around 0.74691.
- AUD/CHF is facing strong resistance at 0.7570 and any further bullishness only above that level.
- Short term trend is still bullish as long as support 0.7410 holds. Any break above 0.7570 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 0.7415 and any break below will drag the pair down till 0.7350/0.7300.
It is good to buy at dips around 0.7450 with SL around 0.7415 for the TP of 0.7570/0.7600.
