AUD/CHF takes support near trend line, targets 0.7020

AUD/CHF has taken support near trend line 0.6920 (trend line joining 0.6760 and 0.6894) and slighty recovered from that level. It is currently trading at 0.6939.

Any break below 0.6920 will drag the pair to next target 0.6880/0.6830.

On the higher side minor resistance is around 0.6960 and break above targets 0.6980/0.7020 level.

It is good to buy at dips around 0.6930-35 with SL around 0.6880 for the TP of 0.6985/0.7020