FX.co ★ Technical analysis of AUD/CHF for April 01, 2016

According to my previous analysis, AUD/CHF is expected to move lower. The price remains below the R1 resistance and has slightly dropped already.

Consider holding short positions from 0.7400 (R1) targeting 0.7185 (S2). The stop loss should be just above the 0.7500 physiological resistance level. Alternative strategy is the sell breakout of the 0.7285 (S1), targeting S3 or S3.

Support: 0.7285, 0.7185, 0.7085

Resistance: 0.7410, 0.7500