Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8806. The pair continues to move within the framework of the development of the decline and the formation of the “Triangle” model. The moving averages indicate the presence of a bullish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the American currency and a potential continuation of the instrument’s fall from the current levels. At the moment, we should expect an attempt to develop a bullish price correction and a test of the resistance area near the level of 0.8875. Next, a rebound downwards and an attempt to continue the fall of the currency pair with a potential target below the level of 0.8545.
USD/CHF Weekly Forecast March 10 — 14, 2025
An additional signal in favor of a decline in the Dollar Franc currency pair will be a test of the bearish trend line on the relative strength indicator (RSI). The second signal will be a rebound from the upper border of the “Triangle” model. The cancellation of the USD/CHF decline option this trading week will be a strong increase in quotes and a breakout of the 0.9285 area. This will indicate a breakout of the resistance area and continued growth of the pair on Forex with a target above the 0.9615 area. A breakout of the support area and closing of quotes below the 0.8775 level will confirm the fall of the pair in the current trading week of March 10 — 14, 2025.
USD/CHF Weekly Forecast March 10 — 14, 2025 suggests an attempt to develop a bullish correction and a test of the resistance level near the 0.8875 area. Then, the continuation of the fall of the USD/CHF pair to the area below the 0.8545 level. A test of the trend line on the relative strength indicator will be in favor of the decline. The breakout of the resistance area and closing of quotes above the 0.9285 level will cancel the option of the fall of USD/CHF. This will indicate continued growth of the pair with a potential target above the 0.9615 level.
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