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 0.8420. 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 0.8405. Then, the price will rebound upwards and the US Dollar will continue to grow against the Swiss Franc with a potential target above 0.8695.
USDCHF Forecast Dollar Franc for May 14, 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. Cancellation of the variant with the growth of pair USD/CHF on Forex will be a fall and breakdown of the area of 0.8325. This will indicate the breakdown of the support area and the continuation of the USD/CHF quotes fall to the area below the level of 0.8125. We should expect confirmation of USD/CHF quotes growth with the breakdown of the resistance area and the price closing above 0.8565, which will indicate the breakdown of the upper boundary of the bullish channel, and this is a signal for growth in the width of the channel.
USDCHF Forecast Dollar Franc for May 14, 2025 suggests an attempt to develop a bearish correction and test the support area near the level of 0.8405. Further, the continuation of the USD/CHF currency pair growth with a target above the level of 0.8695. 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 0.8125.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
