Currency pair US Dollar Swiss Franc (USD/CHF) continues its movement within the context of a corrective development and forming a reversal pattern “Wedge”. At the moment of the Forex forecast publication, the USD/CHF exchange rate stands at 0.8320. Moving averages indicate the presence of a short-term bullish trend for this pair. Prices breached the area between signal lines downward, which indicates sellers’ pressure and potential continuation of the asset’s value decline from current levels. At present, one should expect an attempt to develop a bearish correction of the US Dollar against the Swiss Franc and testing the support zone near 0.8305. Then, price bounce up and continued growth of the US Dollar versus the Swiss Franc with potential target above the mark 0.8485.
USDCHF Forecast Dollar Franc for May 21, 2025
Additional signal in favor of the growth of the currency pair Dollar Frank on FOREX will be a bounce off the support line on the Relative Strength Index (RSI). The second signal will be a rebound from the lower border of the reversal pattern “Cliff”. Cancellation of the option for the growth of the USD/CHF pair on Forex would be a drop and a break through the area 0.8235. This would indicate a break of the support zone and further decline in the USD/CHF quotes to an area below the level 0.8045. To expect confirmation of growth in the USD/CHF quotes, you should look for a breakthrough of the resistance area and closing price above the level 0.8405, which would indicate breaking through the upper border of the “Cliff” reversal pattern and beginning the implementation of the pattern with targets upwards.
USDCHF Forecast Dollar Franc for May 21, 2025 anticipates an attempt to develop a bearish correction and testing the support area near the level of 0.8305. Then, continuation of the growth of the currency pair USD/CHF with a target above the level of 0.8485. An additional signal in favor of the rise of the pair Dollar Franc would be rebound from the trend line on the Relative Strength Indicator (RSI). Cancellation of the upward scenario will be a drop and breach of the area 0.8235. 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 0.8045.
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