Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9608 and continues to move as part of the development of the fall and the downward channel. The pair is trading below the lower border of the Cloud indicator Ichimoku Kinko Hyo. This indicates the presence of a bearish trend in the Dollar Franc pair. As part of the forecast for the US Dollar to the Swiss Franc for today September 15, 2022. A correction is expected to develop and a test of the area of the signal lines of the Ichimoku Kinko Hyo indicator near the level of 0.9635. Where should we expect an attempt to rebound down and continue the fall of the pair’s growth with a potential target near the level of 0.9285.
Dollar Franc Forecast USD/CHF September 15, 2022
An additional signal in favor of a decrease in the USD/CHF currency pair on Forex will be a rebound from the resistance area on the price chart. The second signal will be a rebound from the upper border of the descending channel. Earlier, a weak signal was received for selling the USD/Frank pair. The signal was formed due to the crossing of the signal lines at the level of 0.9785.
Cancellation of the option of falling quotes of the USD/CHF pair will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.9765. This option will indicate a change in the downward trend in favor of a bullish trend and continued growth of the asset. It is worth expecting an acceleration in the fall of USD/CHF quotes with a breakdown of the support level and closing below the level of 0.9485.
Dollar Franc Forecast USD/CHF September 15, 2022 suggests an attempt to test the resistance level near the 0.9635 area. Where should we expect the continuation of the fall of the currency pair on Forex with a potential target near the level of 0.9285. Cancellation of the option to reduce the pair will be a breakdown of the area of 0.9765. This will indicate a continuation of the growth of the US Dollar against the Swiss Franc with a target above the level of 0.9965.