AUD/CHF faces resistance at trend line, good to buy on dips
Major Intraday support - 0.7325 (trend line joining 0.72770 and 0.7315).
Major resistance- 0.73865
AUD/CHF has retreated after hitting trend line resistance. It is currently trading at 0.7356.
In the hourly chart AUD/CHF is trading slightly above Kijun-Sen (0.7349)It should break above 0.7385 for further bullishness.
The pair is slightly bullish as long as support 0.7325 holds. On the lower side, any break below 0.7325 will drag the pair till 0.7277/0.7235/0.7200 level.
The major resistance is around 0.7385 any violation above will take the pair to next level till 0.74255 0.7460 (61.8% retracement of 0.7570 and 0.72770) in the short term.
It is good to buy on dips around 0.7350-55 with SL around 0.7310 for the TP of 0.7425/0.7460.
Major resistance- 0.73865
AUD/CHF has retreated after hitting trend line resistance. It is currently trading at 0.7356.
In the hourly chart AUD/CHF is trading slightly above Kijun-Sen (0.7349)It should break above 0.7385 for further bullishness.
The pair is slightly bullish as long as support 0.7325 holds. On the lower side, any break below 0.7325 will drag the pair till 0.7277/0.7235/0.7200 level.
The major resistance is around 0.7385 any violation above will take the pair to next level till 0.74255 0.7460 (61.8% retracement of 0.7570 and 0.72770) in the short term.
It is good to buy on dips around 0.7350-55 with SL around 0.7310 for the TP of 0.7425/0.7460.
