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Technical analysis of AUD/CHF for October 13, 2016

Today AUD/CHF tested and rejected 50% Fibs (0.7430) support level which was successfully rejected. The trend remains bullish unless the pair breaks below the 61.8% Fibs (0.7986) next Fibs support.

Consider buying AUD/CHF near current rate (0.7450), targeting either 23.6% (0.7526) or 0% Fibs (0.7612) resistance levels. The suggested stop loss is 0.7380.

Support: 0.7430, 0.7387

Resistance: 0.7473, 0.7526, 0.7612

AUDCHF_INSTA.png

The material has been provided by InstaForex Company - www.instaforex.com