Currency pair USD/CHF continues its movement within the context of a decline development and formation of a “Wedge” pattern. At the moment of Forex forecast publication, the US Dollar to Swiss Franc exchange rate is 0.8339. Moving averages indicate the presence of a short-term bullish trend for this currency pair. Prices breached the area between signal lines upwards, which indicates pressure from buyers and potential continuation of asset value growth already from current levels. Currently, one should expect an attempt at developing a bearish correction for the US Dollar against Swiss Franc and testing the support zone near 0.8305. Then, a price rebound upward and further growth of the US Dollar against Swiss Franc with a potential target above the mark 0.8520.
USDCHF Forecast Dollar Franc for May 20, 2025
Additional signals in favor of the growth of the currency pair USD/CHF on FOREX would be a bounce off the support line on the Relative Strength Index (RSI) indicator. The second signal will be a rebound from the lower border of the reversal pattern “Vee”. Cancellation of the scenario for the growth of the USD/CHF pair on Forex would be a drop and penetration into the area 0.8205. This would indicate a break through the support area and further decline in the USD/CHF quotes to an area below the level 0.8015. Expect confirmation of the price increase with breaking through the resistance zone and closing above the level 0.8405, indicating a break through the upper border of the reversal pattern “Vee” and the start of implementing the pattern with targets upwards.
USDCHF Forecast Dollar Franc for May 20, 2025 anticipates an attempt at developing a bearish correction and testing the support area close to the level of 0.8305. Subsequently, continuation of the growth of the currency pair USD/CHF with the target above the level of 0.8520. An additional signal in favor of lifting the pair Dollar Franc would be a rebound from the trend line on the Relative Strength Index indicator. Cancellation of the rising option will be a drop and breaking through the area of 0.8205. This will indicate a breach of the support level and continuation of the fall with a potential target below the level of 0.8015.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
