FX.co ★ AUD/CHF Reversed Off Resistance, Prepare For Further Drop

AUD/CHF reversed off its resistance at 0.7236 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 0.7195 (61.8% Fibonacci retracement, horizontal swing low support).

Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop is expected.

AUD/CHF reversed off its resistance where we expect to see a further drop.

Sell below 0.7236. Stop loss at 0.7256. Take profit at 0.7195.