Chart Breakout: AUD/CHF breaks 0.7205, buy on dips

FX:AUDCHF   Australian Dollar / Swiss Franc
Break out level- 0.7205 ( trend line joining 0.7139 and 0.7164)

The pair has broken a major resistance 0.7205 and jumped till 0.72380. It is currently trading at 0.72114.

On the downside the support is around 0.7114 (Cloud top) and break below will drag the pair till 0.7085/0.7035.

The minor support is around 0.7150.

AUD/CHF has made a temporary high around 0.7238 and slightly retreated from that level. Any break above temporary high will take the pair to new level 0.7300.

It is good to buy at dips around 0.7200-05 with SL around 0.7150 for the TP of 0.7300


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