The USD/CHF currency pair continues its movement within the development of an uptrend and a descending channel. At the time of the Forex forecast publication, the US Dollar to Swiss Franc exchange rate is 0.9016. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines upward, indicating buying pressure and a potential continuation of the price increase from current levels. At the moment, an attempt to develop an increase in the US Dollar against the Swiss Franc and a test of the resistance area near 0.9065 are expected. Then, a price rebound downward and a continuation of the decline in the US Dollar against the Swiss Franc with a potential target below 0.8945 are anticipated.
USDCHF Forecast Dollar Franc for March 4, 2025
An additional signal in favor of the USD/CHF decline on Forex will be a rebound from the resistance line on the Relative Strength Index (RSI). A second signal will be a rebound from the upper boundary of the descending channel. The scenario for the USD/CHF decline on Forex will be invalidated by strong growth and a breakout above 0.9135. This will indicate a breakout of the resistance area and a continuation of the USD/CHF rise toward 0.9245. Confirmation of the decline in USD/CHF quotes should be expected with a breakdown of the support area and a close below 0.8975, indicating a breakout of the lower boundary of the bullish correction channel.
USDCHF Forecast Dollar Franc for March 4, 2025 suggests an attempt to develop a bullish correction and a test of the resistance area near 0.9065, followed by a continuation of the USD/CHF decline with a target below 0.8945. An additional signal in favor of the decline will be a rebound from the trend line on the RSI indicator. The scenario will be invalidated by strong growth and a breakout of 0.9135, indicating a continuation of the rise with a potential target above 0.9245.
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