Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the formation of another ”Triangle” pattern. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9193. Moving averages indicate a short-term bullish trend for the pair. Prices broke through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the rise in the value of the asset already from the current levels. At the moment, we should expect an attempt to develop a fall in the US Dollar rate against the Swiss Franc and a test of the support area near the level of 0.9125. Then, a rebound upward and the beginning of the rise in the US Dollar rate against the Swiss Franc with a potential target above 0.9395.
USD/CHF Forecast Dollar Franc September 15, 2021
An additional signal in favor of the rise of the Dollar/Franc currency pair on FOREX will be a rebound from the trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the ”Triangle” pattern. Cancellation of the option to raise the USD/CHF pair on Forex will be a fall and a breakdown of the 0.9045 area. This will indicate a breakdown of the support area and a continued fall in the USD/CHF quotes to an area below the level of 0.8825. It is worth waiting for confirmation of the growth of the USD/CHF quotes with the breakdown of the resistance area and closing the price above the level of 0.9285, until buyers manage to break this level.
USD/CHF Forecast Dollar Franc September 15, 2021 suggests an attempt to test the support area near the level of 0.9125. Further, the continued growth of the USD/CHF currency pair with a target above the level of 0.9395. An additional signal in favor of raising the Dollar/Franc pair will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the 0.9045 area. This will indicate a breakdown of the support level and the continuation of the fall of the pair with a potential target below the level of 0.8825.
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