Contributors Technical Analysis USD/CHF On A Declining Path

USD/CHF On A Declining Path

USD/CHF extends the bearish movement as the dollar index drops further. Price is going down after the retest of the warning line (up sloping red line) and the 0.9634 level. Now is approaching the 0.9498 static support, a valid breakdown will confirm a drop towards the lower median line (lml) of the descending pitchfork and towards the 0.9440 horizontal downside obstacle. Only a rebound will send it towards the median line (ml) again.

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