The USD/CHF currency pair continues to move within the development of a fall and a descending channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8909. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of the asset’s value growth from current levels. At the moment, we should expect an attempt to develop the rise of the US Dollar against the Swiss Franc and a test of the resistance area near the level of 0.8955. Then, a price rebound downwards and a continuation of the fall of the US Dollar against the Swiss Franc with a potential target below 0.8795.
USDCHF Forecast Dollar Franc for March 5, 2025
An additional signal in favor of the fall of the Dollar Franc currency pair on FOREX will be a rebound from the resistance line on the relative strength indicator (RSI). The second signal will be a rebound from the upper border of the descending 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 0.9045 area. This will indicate a breakout of the resistance area and continued growth of USD/CHF quotes to the area above the 0.9265 level. Confirmation of the decline in USD/CHF quotes should be expected with a breakout of the support area and the price closing below the 0.8875 level.
USDCHF Forecast Dollar Franc for March 5, 2025 suggests an attempt to develop a bullish correction and test the resistance area near the 0.8955 level. Further, the continuation of the fall of the USD/CHF currency pair with a target below the 0.8795 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 0.9045 area. This will indicate a breakout of the resistance level and a continuation of the rise of the pair with a potential target above the 0.9265 level.
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