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Technical analysis of the USD/CHF pair on June 4th, 2012
The pair USD/CHF made last friday a correction, pushing back the price below the support at 0.97.
The pair is now moving below its bullish slant (black line).
All indicators stay bullish.
We continue to advise long positions as far as 0.96 is support.
A return above 0.97 will comfort our bullish feeling.
The breakout of 0.98 will give a new buy signal and open the way towards 0.99.
In case of return below 0.96, we will be neutral between this level and 0.95.
The breakout of 0.95 will give a new buy signal.