The USD/CHF currency pair continues to move within the framework of a decline and the formation of the bullish “Wolfe Wave” pattern. At the time of this Forex forecast, the US Dollar to Swiss Franc exchange rate stands at 0.8966. The moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, signaling pressure from sellers and the potential continuation of the asset’s decline from current levels. Currently, it is expected that the US Dollar will attempt to decline against the Swiss Franc and test the support area near the 0.8945 level. Then, a price rebound upwards and a continuation of the US Dollar’s growth against the Swiss Franc is anticipated, with a potential target above the 0.9085 mark.
USDCHF Forecast Dollar Franc for February 26, 2025
An additional signal in favor of a rise for the USD/CHF pair on Forex will be a rebound from the support line on the Relative Strength Index (RSI) indicator. The second signal will be a rebound from the lower boundary of the bullish “Wolfe Wave” pattern. The cancellation of the upward scenario for the USD/CHF pair on Forex will be a decline and a breakout of the 0.8805 area. This will indicate a breakout of the support area and the continuation of the USD/CHF pair’s decline to a level below 0.8745. Confirmation of the USD/CHF pair’s rise is expected with a breakout of the resistance area and closing the price above the 0.9005 level, which will indicate a breakout of the upper boundary of the “Wolfe Wave” pattern.
USDCHF Forecast Dollar Franc for February 26, 2025 suggests an attempt to develop a bearish correction and test the support area near the 0.8945 level. Then, the continuation of the USD/CHF pair’s growth is expected, with a target above the 0.9085 level. An additional signal in favor of the rise for the USD/CHF pair will be a rebound from the trendline on the Relative Strength Index indicator. The cancellation of the rise scenario will be a decline and a breakout of the 0.8805 area. This will indicate a breakout of the support level and the continuation of the pair’s decline with a potential target below the 0.8745 level.
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