Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9787 and continues to move as part of the development of growth and a bullish channel. The pair is trading above the upper border of the Cloud indicator Ichimoku Kinko Hyo. This indicates the presence of a bullish trend in the Dollar Franc pair. As part of the forecast for the US Dollar to the Swiss Franc for today September 8, 2022. A correction is expected to develop and the upper border of the Cloud of the Ichimoku Kinko Hyo indicator near the level of 0.9745 is expected to be tested. Where should we expect an attempt to bounce up and continue the growth of the pair with a potential target near the level of 1.0065.
Dollar Franc Forecast USD/CHF September 8, 2022
An additional signal in favor of the rise of the USD/CHF currency pair on Forex will be a rebound from the support area on the price chart. The second signal will be a rebound from the lower border of the bullish channel. Earlier, a strong signal was received for buying the Dollar Franc pair. The signal was formed due to the crossing of the signal lines at the level of 0.9625.
Cancellation of the option to raise the quotes of the USD/CHF pair will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the 0.9565 area. This option will indicate a change in the bullish trend in favor of a downtrend and a continuation of the fall of the asset. It is worth expecting an acceleration in the growth of USD/CHF quotes with a breakdown of the resistance level and closing above the level of 0.9965, which will indicate a breakdown of the upper limit of the bullish channel, and this is a signal to increase the width of the channel.
Dollar Franc Forecast USD/CHF September 8, 2022 suggests an attempt to test the support level near the 0.9745 area. Where should we expect the continuation of the growth of the currency pair on Forex with a potential target near the level of 1.0065. Cancellation of the pair’s rise option will be a breakdown of the 0.9565 area. This will indicate a continued fall in the US Dollar against the Swiss Franc with a target below 0.9465.