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Short

AUD/CHF faces strong resistance at 0.717,good to sell on rallies

FX:AUDCHF   Australian Dollar/Swiss Franc
97 0 3
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

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