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USD/CHF Could Take This Out?

MultiBank Exchange Group
By MultiBank Exchange Group

USD/CHF drops like a rock on the short term and is almost to take out a long term major support level. A valid breakout below the 0.9440 will confirm that the rate has finally escaped from a long term extended sideways movement. However, we still have to wait for a confirmation before we take action.

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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