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AUD/CHF forms Bearish Bat Pattern, good to sell on rallies

FX:AUDCHF   Australian Dollar / Swiss Franc
81 0 6
Harmonic pattern formed- Bearish Bat pattern

Potential Reversal Zone (PRZ) – 0.75005

The pair has formed Bearish Bat pattern in daily chart and any further bullishness can be seen only above Potential Reversal Zone (PRZ).

Any break above 0.7500 will take the pair to next level till 0.7570/0.75976 level.

On the lower side, support stands at 0.7461 (9- day MA) and any break below targets 0.7419 (200- HMA )/0.7400.

It is good to sell on rallies around 0.7480 with SL around 0.7510 for the TP of 0.7418.
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