FX.co ★ Technical analysis of AUD/CHF for October 12, 2016

Based on our previous analysis, AUD/CHF started to move higher and broke above the 0.7473 resistance once again. This time it should act as a level of support providing additional opportunities to go long.

Consider holding long positions from 0.7430, targeting either 23.6% (0.7526) or 0% Fibs (0.7612) resistance levels. The stop loss should be moved to break even at 0.7430.

Support: 0.7473, 0.7430, 0.7387

Resistance: 0.7526, 0.7612