HomeContributorsTechnical AnalysisUSD/CHF Approaches Another Target

USD/CHF Approaches Another Target

Price rallies and extends the latest gains, you could see that is very close to hit the median line (ml) of the descending pitchfork, where he could find temporary support. Has increased aggressively, ignoring the USDX’s drop, is trading much above the 0.9634 broken resistance.

A valid breakout above the median line (ml) will confirm a further increase, this scenario could take shape only if the US data will come in better later.

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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