The currency pair Dollar Franc USD/CHF continues to move within the growth development and bullish channel. At the time of publishing the Forex forecast, the USD/CHF exchange rate stands at 0.8425. The moving averages indicate the presence of a short-term bullish trend on the pair. Prices broke through the area between the signal lines upwards, which indicates the pressure from the buyers and potential continuation of the growth of the asset value already from the current levels. At the moment, we should expect an attempt to develop the decline of the US Dollar against the Swiss Franc and a test of the support area near the level of 0.8375. Then, the price rebound upwards and continuation of the growth of the US Dollar against the Swiss Franc with a potential target above 0.8675.
USDCHF Forecast Dollar Franc for May 13, 2025
An additional signal in favor of growth of the currency pair Dollar-Franc on FOREX will be a rebound from the support line on the relative strength indicator (RSI). The second signal will be a rebound from the lower border of the bullish channel. A fall and breakdown of the 0.8325 area will cancel the USD/CHF pair growth option. This will indicate the breakdown of the support area and the continuation of the USD/CHF quotes decline to the area below 0.8145. We should expect confirmation of USD/CHF quotes growth with the breakdown of the resistance area and the price closing above 0.8525.
USDCHF Forecast Dollar Franc for May 13, 2025suggests an attempt to develop a bearish correction and test the support area near the level of 0.8375. Further, the continuation of the USD/CHF currency pair growth with a target above the level of 0.8675. An additional signal in favor of the rise of the pair USD/CHF will be a rebound from the trend line on the relative strength indicator. The growth option will be canceled by a fall and breakdown of the 0.8325 area. This will indicate the breakdown of the support level and the continuation of the pair’s decline with a potential target below 0.8145.
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