Currency pair Dollar Franc USD/CHF continues to move as part of growth and a bullish channel. At the time of publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9779. Moving averages indicate a short-term bullish trend in pre. Prices have gone up from the area between the signal lines, which indicates pressure from buyers and a potential continued growth in the value of the asset already from current levels. At the moment, we should expect an attempt to develop the development of a depreciation of the US Dollar against the Swiss Franc and a test of the support area near the level of 0.9610. Then, a bounce up and a continuation of the rise in the US Dollar against the Swiss Franc with a potential target above the level of 0.9955.
USD/CHF Forecast Dollar Franc May 4, 2022
An additional signal in favor of the rise of the Dollar Franc on FOREX will be a rebound from the bullish support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the option to raise the USD/CHF pair on Forex will be a fall and a breakdown of the 0.9575 area. This will indicate a breakdown of the support area and a continued fall in USD/CHF quotes to the area below the level of 0.9435. Expect confirmation of the rise in USD/CHF quotes with a breakdown of the resistance area and closing the price above the level of 0.9835.
USD/CHF Forecast Dollar Franc May 4, 2022 suggests an attempt to test the support area near the level of 0.9610. Further, the continued growth of the USD/CHF currency pair with a target above the level of 0.9955. An additional signal in favor of the growth of the Dollar Franc pair will be a test of the bullish trend line on the relative strength index (RSI). Cancellation of the rise option will be a fall and a breakdown of the 0.9575 area. This will indicate a breakdown of the support level and a continuation of the pair’s decline with a potential target below the level of 0.9435.
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