Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8230. The pair continues to move within the development of a bullish correction. 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 a price decline and a test of the support area near the level of 0.7995. Next, a rebound downwards and an attempt to continue the growth of the currency pair with a potential target above the level of 0.8645.
USD/CHF Weekly Forecast May 5 — 9, 2025
An additional signal in favor of the growth of the Dollar Franc currency pair will be a test of the bullish trend line on the relative strength indicator (RSI). The second signal will be a rebound from the support area on the price chart. The cancellation of the USD/CHF growth option this trading week will be a drop in quotes and a breakout of the 0.7765 area. This will indicate a breakout of the support area and a continuation of the pair’s decline on Forex with a target below the 0.7455 area. The pair’s growth in the current trading week of May 5 — 9, 2025 will be confirmed by a breakout of the resistance area and closing of quotes above the 0.8405 level.
USD/CHF Weekly Forecast May 5 — 9, 2025 suggests an attempt to develop a bearish correction and a test of the support level near the 0.7995 area. Then, the USD/CHF pair will continue to grow to the area above the 0.8645 level. A test of the trend line on the relative strength indicator will be in favor of the rise. The USD/CHF growth option will be canceled by a breakout of the support area and closing of quotes below the 0.7765 level. This will indicate a continuation of the pair’s decline with a potential target below the 0.7455 level.
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