The USD/CHF currency pair continues to move within the development of a bullish correction and a descending channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.9068. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the asset’s fall from current levels. At the moment, we should expect an attempt to develop a bullish correction of the US Dollar against the Swiss Franc and a test of the resistance area near the level of 0.9085. Then, a downward price rebound and a continuation of the fall of the US Dollar against the Swiss Franc with a potential target below 0.8920.
USDCHF Forecast Dollar Franc for January 30, 2025
An additional signal in favor of the fall of the Dollar Franc currency pair on FOREX will be a rebound from the descending trend line on the relative strength indicator (RSI). The second signal will be a rebound from the upper border of the bearish channel. The cancellation of the option with the fall of the USD/CHF pair on Forex will be a strong growth and a breakout of the 0.9115 area. This will indicate a breakout of the resistance area and continued growth of USD/CHF quotes to the area above the 0.9325 level. Confirmation of the fall of USD/CHF quotes should be expected with a breakout of the support area and the price closing below the 0.9025 level.
USDCHF Forecast Dollar Franc for January 30, 2025 suggests an attempt to develop a bullish correction and test the resistance area near the 0.9085 level. Further, the continuation of the fall of the USD/CHF currency pair with a target below the 0.8920 level. An additional signal in favor of a decline in the Dollar Franc pair will be a rebound from the trend line on the relative strength indicator. The cancellation of the fall option will be a strong growth and a breakout of the 0.9115 area. This will indicate a breakout of the resistance level and continued growth of the pair with a potential target above the 0.9325 level.
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