The USD/CHF currency pair is ending the trading week with a sharp decline within a descending channel near 0.8087. Moving averages indicate a bearish trend. Prices have broken above the area between the signal lines, indicating growing pressure from buyers of the US currency and potential continued growth from current levels. Currently, we expect an attempt at a bullish price correction and a test of the resistance area near 0.8125. Subsequently, a downward rebound and an attempt at continued decline are expected, with a potential target above 0.7485.
USD/CHF Weekly Forecast August 3 – 7, 2026
An additional signal favoring a decline in the USD/CHF currency pair will be a test of the support line on the relative strength indicator (RSI). A second signal will be a rebound from the upper boundary of the Head and Shoulders reversal pattern. A strong rally in the USD/CHF pair and a breakout of the 0.8335 area would cancel out the USD/CHF downside scenario this trading week. This would indicate a breakout of the resistance area and continued growth in the Forex market with a target above the 0.8675 area. A breakout of the support area and a close below the 0.8005 level would confirm a decline in the pair during the current trading week (August 3-7, 2026), indicating a breakout of the lower boundary of the bullish correction channel.
USD/CHF Weekly Forecast August 3 – 7, 2026 suggests an attempt to develop a bullish correction and a test of the resistance level near the 0.8125 area. Subsequently, the USD/CHF pair will continue to decline below the 0.7485 level. A test of the trend line on the relative strength indicator (RSI) would support a decline. A breakout of the resistance area and a close above 0.8335 would cancel the USD/CHF downside scenario. This would indicate continued growth for the pair, with a potential target above 0.8675.
