Contributors Technical Analysis USD/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.

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