The USD/CHF currency pair continues to move within the framework of 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 0.8860. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the asset’s fall from the current levels. At the moment, we should expect an attempt to develop a fall in the US Dollar against the Swiss Franc and a test of the support area near the 0.8835 level. Then, the price will bounce upward and continue to grow the US Dollar against the Swiss Franc with a potential target above 0.9025.
USDCHF Forecast Dollar Franc for March 7, 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 lower border of the bullish channel. The cancellation of the option with the growth of the USD/CHF pair on Forex will be a fall and a breakout of the 0.8805 area. This will indicate a breakout of the support area and a continuation of the fall of USD/CHF quotes to the area below 0.8645. Confirmation of the growth of USD/CHF quotes should be expected with a breakout of the resistance area and closing of the price above 0.8955.
USDCHF Forecast Dollar Franc for March 7, 2025 suggests an attempt to develop a bearish correction and test the support area near the level of 0.8835. Further, the USD/CHF currency pair will continue to grow with a target above the level of 0.9025. An additional signal in favor of the growth of the Dollar Franc pair will be a rebound from the trend line on the relative strength indicator. The cancellation of the growth option will be a fall and a breakout of the 0.8805 area. This will indicate a breakout of the support level and a continuation of the fall of the pair with a potential target below the level of 0.8645.
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