The USD/CHF currency pair ended the trading week near the 0.8230 level. The pair continues to move within the framework of a downward trend and the formation of a double bottom reversal pattern. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines downwards, which indicates pressure from sellers of the US currency and a potential continuation of the instrument’s decline from current levels. Now, we should expect an attempt to develop a price decline and a test of the support area near the 0.8105 level. Further, there will be an upward rebound and an attempt to continue the rise of the currency pair with a potential target above the 0.8725 level.
USD/CHF Weekly Forecast June 9 — 13, 2025
An additional signal in favor of the growth of the dollar-franc currency pair will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the double bottom reversal pattern. A decline in quotes and a breakout of the 0.7885 area will cancel the USD/CHF growth scenario for the current trading week. This will indicate a breakout of the support area and a continuation of the pair’s decline on Forex with a target below the 0.7595 area. Confirmation of the pair’s growth in the current trading week of June 9 — 13, 2025 will be a breakout of the resistance area and the closing of quotes above the level of 0.8505, which will indicate a breakout of the upper border of the “Double Bottom” reversal pattern and the beginning of the pattern’s implementation with targets at the top.
USD/CHF Weekly Forecast June 9 — 13, 2025suggests an attempt to develop a decline and test the support level near the 0.8105 area. Then, the USD/CHF pair will continue to grow to the area above the 0.8725 level. The test of the trend line on the relative strength indicator will support the rise. The cancellation of the USD/CHF growth scenario will be a breakout of the support area and the closing of quotes below the level of 0.7885. This will indicate a continuation of the pair’s decline with a potential target below the level of 0.7595.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
