Currency pair USD/CHF continues its movement within the framework of correction development and formation of a reversal pattern “Head and Shoulders”. Now of publishing the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8276. Moving averages indicate the presence of a short-term bearish trend on the pair. Prices have pierced the area between signal lines downwards, which indicates sellers’ pressure and potential continuation of the asset’s value decline from current levels. At this point, it is expected to anticipate an attempt for growth development of the US Dollar against Swiss Francs and testing the resistance zone near level 0.8345. Then, a price rebound down and further depreciation of the US Dollar against Swiss Francs with potential target below the mark of 0.8055.
USD/CHF Forecast Dollar Franc for May 23, 2025
Additional confirmation of the currency pair Dollar Franc’s depreciation on FOREX will be a bounce off the resistance line on the Relative Strength Index (RSI). The second signal will come from a reversal off the upper boundary of the head and shoulders reversal pattern. Cancellation of the option for the USD/CHF pair’s fall on Forex would be marked by strong growth and breaking through the area of 0.8495. This would indicate a breach of the resistance zone and further growth in the price quotations to the region above the level of 0.8745. Expect confirmation of depreciation of USD/CHF prices with penetration of the support area and closing under the level of 0.8155, which indicates breaking through the lower boundary of the head and shoulders reversal pattern.
USD/CHF Forecast Dollar Franc for May 23, 2025, anticipates an attempt to develop a bullish correction and testing the resistance area close to the level of 0.8345. Subsequently, continuation of the decline in the USD/CHF currency pair with a target below the level of 0.8055. An additional signal for the depreciation of the Dollar Franc pair would be a bounce off the trend line on the relative strength indicator. Cancellation of the downside scenario would be strong growth and penetration into the area of 0.8495, indicating a breakout above the resistance level and continuation of the rise in the currency pair with potential target levels above the level of 0.8745.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
