Forex - USD/CHF Technical Analysis (US Dollar / Swiss Franc)

Chart of the pair USD/CHF - Timeframe 1H

USD/CHF Live Chart - Timeframe : 4h

Updated the: 07/09/2012
USD/CHF : Take up of the bullish trend

Sentiment : 0.9670 0.96
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

Update the 09/07 - The US Dollar has continued its bullish rally against the Swiss Franc and has tested last friday the resistance at 0.98. Given the amplitude of the last bullish movement, the price should have the need to breath and a pullback on 0.9738 is strongly possible before a take of the bullish movement towards 0.99. We stay bullish on the pair USD/CHF as far as 0.9670 is support.

Complete sheet of the pair USD/CHF - Previous USD/CHF Analysis