AUD/CHF struggles to break above stiff resistance at 4H 200-SMA at 0.7348.
Technical studies are bullish and breakout at 4H 200-SMA could see further upside.
The Reserve Bank of Australia kept rates unchanged at record low of 1.5 percent. The statement was in line with what was expected.

AUD/CHF up on the day, trading at 0.7341 at the time of writing.
Technical indicators have turned bullish . RSI has edged above 50 levels and Stochs are biased higher.
Further, bullish divergence on RSI and Stochs keeps scope for upside in the pair.

On the downside, break below major support at 0.7260 will see further weakness. Scope then for test of 0.7148 levels.
Support levels - 0.7317 (5-DMA), 0.7266 (Feb 9th 1.71% low), 0.7260 ( trendline ), 0.7242 (March 2 low)
Resistance levels - 0.7348 (4H 200-SMA), 0.7361 (20-DMA), 0.74
Watch out for break above 4H 200-SMA to go long, SL: 0.7315, TP: 0.7375/ 0.74.
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