Currency pair USD/CHF continues its movement within the framework of a bear correction and bull channel development on Forex. At the time of publishing the forecast, the USD to CHF exchange rate is at 0.8379. Moving averages indicate a short-term bullish trend for this currency pair. Prices are testing the area between signal lines, which points to seller pressure and potential continuation of asset value decline from current levels. Currently, it’s expected that there will be an attempt for USD to decrease against CHF, testing support areas near 0.8335. Following this, price rebounding upwards, and a continuation of the USD rise against CHF with a potential target beyond 0.8565.
USDCHF forecast for the Swiss Franc on May 16, 2025
Additional signals in favor of the growth of the currency pair Dollar Franc on FOREX would be a bounce off the support line on the Relative Strength Index (RSI). A second signal will be a rebound from the lower border of the bull channel. Cancelling the option for growth of the USD/CHF pair on Forex becomes a drop and penetration into the area 0.8265. This would indicate breaking through the support zone and continued decline in the USD/CHF quotes to an area below the level of 0.8085. To expect confirmation of an increase in the USD/CHF quotes, one should wait for a breach of the resistance area and closing price above the level of 0.8505.
USDCHF Forecast Dollar Franc for May 16, 2025 anticipates an attempt to develop a bearish correction and testing the support area near the level of 0.8335. Subsequently, continuation of the growth of the currency pair USD/CHF with the aim above the level of 0.8565. An additional signal in favor of the rise of the Dollar Franc pair would be a bounce off the trend line on the relative strength indicator. Cancellation of the upward option will be a drop and breaking through the area 0.8265. This will indicate a break of the support level and continuation of the decline of the pair with a potential target below the level of 0.8085.
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