HomeContributorsTechnical AnalysisUSD/CHF Sits above Strong Support

USD/CHF Sits above Strong Support

Price rallied in the last week, but failed to reach and retest the median line (ml) of the descending pitchfork. Could decrease to retest the 0.9634 level (resistance turned into support) before will try to take out the dynamic resistance. We could have a great buying opportunity if it will come to retest the second warning line (WL2) as well, while a valid breakout above the median line (ml) will confirm an important upside movement.

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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