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USD/CHF Crucial Breakout In Play

USD/CHF resumes the upside momentum and seems poised to reach fresh new highs in the upcoming period. Has finally managed to make an aggressive breakout, which will lead the rate at least till the upper median line (uml) of the ascending pitchfork.

Has climbed also above the second warning line (WL2) of the former ascending pitchfork. I want to remind you that the rate continues to move in range on the short term, so only a valid breakout above the 0.9787 static resistance and above the upper median line (wl1) will confirm a major increase.

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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