Currency pair Dollar Franc USD/CHF continues to move in the framework of the correction and formation of a bullish “Wolf wave”. At the time of the publication of Forex forecast, the US dollar to the Swiss Frank is 0.9131. Sliding average indicate the presence of a short-term bearish trend in pair. Prices broke through the area between the signal lines down, which indicates the pressure from the sellers and the potential continuation of the drop in the value of the asset from current levels. At the moment, it is worth expecting an attempt to develop the correction of the US dollar exchange rate against the Swiss franc and the support area near the level of 0.9015. Then, the rebound up and the continuation of the growth of the US dollar against the Swiss franc with a potential target above 0.9325.
USD/CHF Forecast Dollar Franc for April 5, 2023
An additional signal in favor of the rise in the currency pair, the dollar franc on Forex will be a detective from the trend line on the relative power indicator (RSI). The second signal will be the hollow of the lower border of the bull model “Wolfe Wave”. The cancellation of the growth option for a pair of USD/CHF on Forex will be a fall and breakdown of the area 0.8905. This will indicate a breakdown of the support area and the continuation of the fall of USD/CHF quotes in the area below 0.8725. It is with a breakdown of the resistance and the price of the price above the level of 0.9205, which will indicate the breakdown of the upper border of the bull model “Wolf Wave” is expected to expect a confirmation of the growth of the USD/CHF quotes and closing the price of the upper border of the “Wolfe Wave”.
USD/CHF Forecast Dollar Franc for April 5, 2023 involves an attempt to develop a correction and a state of support near the level of 0.9015. Next, the continuation of the growth of the USD/CHF currency pair with a goal below 0.9325. An additional signal in favor of the rise of the pair of the dollar franc will be a composter from the trend line on the relative force indicator. The cancellation of the growth option will be the fall and breakdown of the area 0.8905. This will indicate a breakdown of the level of support and the continuation of the fall of the pair with a potential goal below the level of 0.8725.
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