FX.co ★ USD/CHF

Analysis and Forecast for the USDCHF Currency Pair Based on Technical Analysis The currency pair US Dollar against the Swiss Franc traded within a narrow range last week, but on Friday, the price broke below the lower boundary and showed a confident decline. Now, this boundary at the level of 0.7710 may act as a fairly good support, and as long as the price continues to trade below it, selling opportunities can be considered. It is slightly concerning that due to fundamental reasons, the US Dollar may strengthen next week, and there is a high probability that we might even see a gap on Monday. However, from a technical standpoint, the situation currently looks almost perfect for the bears. But if the exchange rate of the USDCHF pair does manage to return above the 0.7710 mark, then an alternative scenario will need to be considered. Nonetheless, I believe that the dollar will not strengthen significantly in any case, so selling opportunities can be sought again from the 0.78 level. And if selling remains relevant, then a decline towards the 0.7640 level, or even lower, can be expected.