Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8309. The pair continues to move within the development of a bullish correction and the beginning of the implementation of the “Triangle” pattern. The moving averages indicate the presence of a bearish 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 price growth and a test of the resistance area near the level of 0.8435. Next, a rebound downwards and an attempt to continue the fall of the currency pair with a potential target above the level of 0.7825.
USD/CHF Weekly Forecast May 12 — 16, 2025
An additional signal in favor of the fall of 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 resistance area on the price chart. The cancellation of the USD/CHF fall option this trading week will be a strong increase in quotes and a breakout of the 0.8655 area. This will indicate a breakout of the resistance area and continued growth of the pair on Forex with a target above the 0.8875 area. A breakout of the support area and closing of quotes below the 0.8025 level will confirm the fall of the pair in the current trading week of May 12 — 16, 2025.
USD/CHF Weekly Forecast May 12 — 16, 2025 suggests an attempt to develop a bullish correction and a test of the resistance level near the 0.8435 area. Then, the continuation of the fall of the USD/CHF pair to the area below the 0.7825 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 0.8655 level will cancel the option of a fall in USD/CHF. This will indicate continued growth of the pair with a potential target above the 0.8875 level.
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