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HomeContributorsTechnical AnalysisUSD/CHF Is The Retreat Completed?

USD/CHF Is The Retreat Completed?

MultiBank Exchange Group
By MultiBank Exchange Group

USD/CHF edges higher and is trading much above the 0.9634 and above the 50% Fibonacci line (descending dotted line). The next upside target will be at the median line (ml) of the minor descending pitchfork. A valid breakout will attract more buyers, which will drive the rate towards the upper median line (uml).

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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