Currency pair Dollar Franc USD/CHF continues to move within the correction and the bullish channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9657. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines upwards, 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 a fall in the US Dollar against the Swiss Franc and a test of the support area near the level of 0.9605. Then, a bounce up and continued growth of the US Dollar against the Swiss Franc with a potential target above the level of 0.9845.
USD/CHF Forecast Dollar Franc September 22, 2022
An additional signal in favor of the rise of the Dollar Franc currency pair on FOREX will be a rebound from the 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 growth option for the USD/CHF pair on Forex will be a fall and a breakdown of the 0.9535 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 0.9385. Expect confirmation of the growth of USD/CHF quotes with a breakdown of the resistance area and closing of the price above the level of 0.9805, which will indicate a breakdown of the upper border of the channel.
Among the important news from Switzerland that may affect the USD/CHF rate, it is worth highlighting: Swiss National Bank (SNB) Interest Rate Decision.
USD/CHF Forecast Dollar Franc September 22, 2022 suggests an attempt to test the support area near the level of 0.9605. Further, the continued growth of the USD/CHF currency pair with a target above the level of 0.9845. An additional signal in favor of the rise of the Dollar Franc pair will be a rebound from the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the 0.9535 area. This will indicate a breakdown of the support level and a continuation of the fall of the pair with a potential target below the level of 0.9385.
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