Aud/chf Trade Idea

  • Major resistance -0.7230 (Dec 10th high)
  • AUD/CHF has broken major resistance 0.7230 and jumped till 0.72468. It is currently trading around 0.72303.
  • Any break above 0.7230 confirms minor trend reversal, a jump till 0.7298/0.7350 is possible.
  • On the lower side major support is around 0.7150 and break below targets 0.7125/0.7050 level.

It is good to buy at dips around 0.7200-210 with SL around 0.7150 for the TP of 0.7298/0.7330      

R1-0.7230

 R2-0.7298

R3-0.7350

Support

S1-0.7150

S2-0.7125

S3- 0.7050

The material has been provided by InstaForex Company – www.instaforex.com

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