Sat, Mar 25, 2023 @ 05:09 GMT
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USD/CHF Attracted By Confluence Area

USD/CHF decreased sharply on Friday and now is located in the seller’s territory. Price opened with a gap down, has come back to close it, but failed to stay near today’s 0.9578. Technically, should drop much deeper in the upcoming days, is attracted by the confluence area formed at the intersection between the lower median line (lml) with the 0.9498 static support. The breakdown has invalidated a potential Inverse Head and Shoulders.

MultiBank Exchange Group
MultiBank Exchange Group
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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