2017.03.2306:46:00UTC+00Fxwirepro: Aud/chf Trade Idea

• Major support – 0.7600 (trend line joining 0.74791 and 0.75738).
   
• Major intraday resistance – 0.7660 (100- 4H EMA).
   
• AUD/CHF broken major support of 0.7600 and declined till 0.75722 at the time of writing. It is currently trading around 0.75820.
   
• AUD hits four month high on Monday and declined sharply from that level after RBA highlights threats in the property market and increase of domestic household debt.
   
• On the lower side, any break below 0.7600 will drag the pair down till 0.74790 (Feb 1st 2017 low).
• The near term resistance is around 0.7660 (100- day EMA) and any break above will take the pair till 0.7700/0.77280 (Mar 20th 2017 high).
  
  It is good to sell on rallies around 0.7605-0.7610 with SL around 0.7660 for the TP of 0.7480.

Resistance                                                                               

R1-0.7660                           

R2 -0.7700

R3- 0.77280

Support                   

S1-0.7570                

S2-0.75365

S3-0.74790