The USD/CHF currency pair is ending the trading week with a decline within a descending channel near 0.7823. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, indicating growing selling pressure on the US currency and a potential continuation of the instrument’s decline from current levels. Currently, we should expect an attempt at a bullish price correction and a test of the resistance area near 0.7885. Subsequently, a downward rebound and an attempt at continued decline are expected, with a potential target below 0.7375.
USD/CHF Weekly Forecast May 4 – 8, 2026
An additional signal for a decline in the USD/CHF currency pair will be a test of the resistance line on the relative strength indicator (RSI). A second signal will be a rebound from the upper boundary of the descending channel. A strong rally in the USD/CHF pair and a breakout of the 0.8155 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 0.8375 area. A breakout of the support area and a close below 0.7805 would confirm a decline in the pair during the current trading week (May 4-8, 2026), indicating a breakout of the lower boundary of the bullish correction channel.
USD/CHF Weekly Forecast May 4 – 8, 2026 suggests an attempt to develop a bullish correction and a test of the resistance level near the 0.7885 area. Subsequently, the USD/CHF pair should continue to decline below 0.7375. 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 0.8155 would cancel the USD/CHF decline. This would indicate continued upside with a potential target above 0.8375.
