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USD/CHF Hit The Critical Support

MultiBank Exchange Group
By MultiBank Exchange Group

USD/CHF bounced back from the 0.9440 long term support level, yesterday we had a false breakdown below this level, but only an accumulation could give birth to another leg higher. Moves within an extended sideways movement on the long term, so a valid breakdown below the 0.9440 static support will confirm a further drop in the upcoming months.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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