AUD/CHF is trading right at the 50% Fibonacci support level (0.7430) which is the trendline breakout point. On a corrective wave down, price formed a bullish divergence on MACD which could mean that trend up is about to continue.
If AUD/CHF manages now to hold 0.7430 support, consider buying on the breakout of the most recent high - 0.7445, targeting either 23.6% (0.7526) or 0% Fibs (0.7612). The stop loss should be just below 61.8% Fibs (0.7387)
Support: 0.7387, 0.7430
Resistance: 0.7473, 0.7526, 0.7612
From www.instaforex.com http://ift.tt/2cZ4AsO
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