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USD/CHF Gaining Pace

MultiBank Exchange Group
By MultiBank Exchange Group

Price is trading in the green and looks determined to take out the dynamic resistance from the median line (ml). Technically should increase further after the failure to close on the WL2. A valid breakout will send the rate towards the 0.9787 static resistance and towards the 250% and the upper median line (uml).

We have an important confluence area formed at the intersection between the 250% line and the upper median line (uml), which could attract the price.

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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