USD/CHF Upside Paused

Price has rallied since Monday, but has found temporary resistance again and now could come back to retest the broken median line (ml) of the minor descending pitchfork. Technically is somehow expected to climb much higher after the failure to close right on the second warning line (WL2) of the major ascending pitchfork.

The next upside targets will be at the 250% Fibonacci line (ascending dotted line) and higher at the 0.9787 static resistance, Could be attracted also by the upper median line (uml) of the minor descending pitchfork.

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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