Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.9017. The pair continues to move within the framework of growth development and the formation of the “Triangle” model. Moving averages indicate the presence of a downward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the American currency and potential continuation of the instrument’s growth from the current levels. At the moment, we should expect an attempt to develop price growth and a test of the resistance area near the level of 0.9095. Next, a rebound downwards and an attempt to continue the fall of the currency pair with a potential target below the level of 0.8385.
USD/CHF Forecast December 30, 2024 — January 3, 2025
An additional signal in favor of a decline in the Dollar Franc currency pair will be a test of the bearish trend line on the relative strength indicator (RSI). The second signal will be a rebound from the upper border of the “Triangle” model. The cancellation of the USD/CHF decline option in the current trading week will be a strong increase in quotes and a breakout of the 0.9175 area. This will indicate a breakout of the resistance area and continued growth of the pair on Forex with a target above the 0.9335 area. Confirmation of the pair’s fall in the current trading week of December 30, 2024 — January 3, 2025 will be a breakout of the support area and closing of quotes below the 0.8855 level, which will indicate a breakout of the lower border of the bullish correction channel.
USD/CHF Forecast December 30, 2024 — January 3, 2025 suggests an attempt to develop a bullish correction and a test of the resistance level near the 0.9095 area. Then, the continuation of the fall of the USD/CHF pair to the area below the 0.8385 level. A test of the trend line on the relative strength indicator will be in favor of a decline. The cancellation of the USD/CHF fall option will be a breakout of the resistance area and closing of quotes above the level of 0.9175. This will indicate continued growth of the pair with a potential target above the level of 0.9335.
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