The Swiss Franc strongly depreciated against the US Dollar. The resistance at 0.96 has been broken on a strong bullish rally, giving us a buy signal. This last bearish movement who occured on the pair USD/CHF has been fully retraced.
We expect a pullback on the former resistance at 0.9670 before a the take up of the bullish trend. The next resistance is at 0.9737 (high of June 1st). In case of breakout of this level, the movement should continue towards 0.98.
0.96 stay our key level. If the price get back below this level, a sell signal will be given. Analysis published by Bruno, the 07/06/2012 at 8h40 GMT+2
Chart of the pair USD/CHF - Timeframe 4H - Zoom in :
Chart of the pair USD/CHF - Timeframe 1H
USD/CHF Live Chart - Timeframe : 4h