HomeContributorsTechnical AnalysisUSD/CHF Needs A Bullish Spark

USD/CHF Needs A Bullish Spark

The USD/CHF increased, but failed to approach and reach the 0.9768 yesterday’s high. Price will edge higher in the afternoon if the United States data will come in better than expected, a valid breakout above the upper median line (uml) of the minor descending pitchfork and above the 0.9787 static resistance will confirm a further increase in the upcoming period.

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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