AUD/CHF faces strong resistance at 0.717,good to sell on rallies
Major resistance -0.7167
The pair has made a high of 0.7162 and slightly retreated from that level. It is currently trading at 0.7121.
On the higher side any break above will take the pair to next level 0.7221/0.7280.
AUD/CHF has made low of 0.7046 (Dec 11th low) which is acting as temporary support and break below targets 0.6992/0.6919 (61.8% retracement of 0.6803 and 0.75489).
It is good to sell on rallies around 0.7120-125 with SL around 0.7170 for the TP of 0.7045/0.6990/0.6920
The pair has made a high of 0.7162 and slightly retreated from that level. It is currently trading at 0.7121.
On the higher side any break above will take the pair to next level 0.7221/0.7280.
AUD/CHF has made low of 0.7046 (Dec 11th low) which is acting as temporary support and break below targets 0.6992/0.6919 (61.8% retracement of 0.6803 and 0.75489).
It is good to sell on rallies around 0.7120-125 with SL around 0.7170 for the TP of 0.7045/0.6990/0.6920