The Dollar Franc USD/CHF currency pair continues to move within the development of a strong correction and bullish channel. At the time of publishing the forex forecast, the US Dollar to Swiss Franc exchange rate stands at 0.8361. The moving averages indicate the presence of a short-term bearish trend on the pair. Prices are testing the area between the signal lines, which indicates pressure from the sellers and potential continuation of the decline in the value of the asset 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 0.8315. Then, the price will rebound upwards and the US Dollar will continue to grow against the Swiss Franc with a potential target above 0.8665.
USDCHF Forecast Dollar Franc for May 15, 2025
An additional signal in favor of the growth of the currency pair USDCHF 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 0.8175 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 0.8045. We should expect confirmation of USD/CHF quotes growth with the breakdown of the resistance area and closing of the price above 0.8565.
USDCHF Forecast Dollar Franc for May 15, 2025 suggests an attempt to develop a bearish correction and test the support area near the level of 0.8315. Further, the continuation of the USD/CHF currency pair growth with a target above the level of 0.8665. 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 0.8175 area. This will indicate the breakdown of the support level and the continuation of the pair’s decline with a potential target below 0.8045.
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