Currency pair Dollar Franc USD/CHF concludes the trading week near the level of 0.8365. The pair continues its movement within the framework of the bullish correction development and the beginning of implementing a “Triangle” pattern. Moving averages indicate the presence of bearish trend. Prices broke through the area between signal lines downwards, which indicates pressure from sellers of American currency and potential continuation of the decline already from current levels. Currently, it is worth waiting for an attempt to develop price growth and testing the resistance zone near the level of 0.8465. Next, a downward bounce and an attempt to continue the depreciation of the currency pair with a potential target above the level of 0.7815.
USDCHF Weekly Forecast May 19 — 23, 2025
Additional signals for the depreciation of the currency pair Dollar/Frank will be a test of the bear line on the Relative Strength Index (RSI). The second signal will be a bounce off the lower boundary of the “Triangle” model. Cancellation of the USD/CHF decline option for the current trading week will be a strong increase in quotations and breaking the area 0.8665. This will indicate a break through the resistance zone and continuation of growth on Forex with a target above the area 0.8885. Confirmation of the depreciation of the pair for the current trading week from May 19 to 23, 2025 will be a breach of the support area and closing quotes below the level 0.8115.
USDCHF Weekly Forecast May 19 — 23, 2025 anticipates an attempt at a bullish correction and testing the resistance level close to the area of 0.8465. Subsequently, continuation of the USD/CHF pair’s fall into an area below the level of 0.7815. A drop in USD/CHF will be supported by testing the trend line on the Relative Strength Index (RSI). The decline of USD/CHF is invalidated by breaking through the resistance area and closing prices above the level of 0.8665. This would indicate a continuation of the pair’s growth with a potential target above the level of 0.8885.
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