The USD/CHF currency pair continues to move within the framework of growth development and the beginning of the “Wolfe Wave” pattern formation. At the time of the Forex forecast publication, the US Dollar to Swiss Franc exchange rate is 0.8984. The moving averages indicate a short-term bearish trend for the pair. Prices are once again testing the area between the signal lines, signaling selling pressure and the potential continuation of the asset’s decline from the current levels. Currently, a decline in the US Dollar against the Swiss Franc and a test of the support area near the 0.8945 level are expected. Then, a price rebound upwards and the continuation of the US Dollar’s growth against the Swiss Franc with a potential target above the 0.9095 mark are anticipated.
USDCHF Forecast Dollar Franc for February 28, 2025
An additional signal in favor of the USD/CHF currency pair’s growth on FOREX will be a rebound from the support line on the Relative Strength Index (RSI). A second signal will be a bounce from the lower boundary of the reversal pattern “Wolfe Wave.” The bearish scenario for the USD/CHF pair on Forex will be canceled if the price falls and breaks through the 0.8875 area. This would indicate a breakdown of the support area and a continuation of the USD/CHF quotes’ decline to an area below the 0.8725 level. Confirmation of the USD/CHF quotes’ growth should be expected with a breakout of the resistance area and price closure above the 0.9015 level.
USDCHF Forecast Dollar Franc for February 28, 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 currency pair’s growth with a target above the 0.9095 level is expected. An additional signal for the US Dollar to Swiss Franc pair’s rise will be a rebound from the trend line on the Relative Strength Index. The growth scenario will be canceled if the price falls and breaks through the 0.8875 area. This will indicate a breakdown of the support level and a continuation of the pair’s decline with a potential target below the 0.8725 level.
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