USD/CHF USD/CHF currency pair ends the trading week near the level of 0.9825 The pair continues to move within the growth and bullish channel. Moving averages indicate the presence of a bullish trend. Prices went up from the area between the signal lines, indicating the pressure from buyers of the American currency and a potential continuation of growth of the instrument. At the moment, an attempt of price decrease and test of the support area near the level of 0.9505 is expected. Further, a rebound and an attempt to continue the rise of the pair with a potential target above the level 1.0365.

An additional signal for an uptrend in the USD/CHF currency pair will be a test of the trend line on the relative strength indicator. The second signal will be a rebound from the lower boundary of the bullish channel. The fall and breakdown of the area at 0.9235 will become a cancellation of the USD/CHF growth option. This will indicate a breakdown of the support area and continuation of the fall of the pair on the Forex market, with a target below the 0.9005 area. Confirmation of the pair’s rise during the current trading week July 18-22 2022 will be a breakdown of the resistance area and closing of the quotes above 0.9975, which will indicate a breakdown of the upper boundary of the descending correction channel.

There is not any important news from Switzerland that might affect the Swiss Francs exchange rate against the USD, so the pair will continue to move within the technical analysis.

So, the USD/CHF exchange rate forecast for July 18 – 22, 2022 implies an attempt to test the support level near the area of 0.9505. Then, the continuation of the growth of USD/CHF in the area above 1.0365. In favor of the growth will be a test of the trend line on the relative strength indicator. The USD/CHF cancels the growth option if the support area is broken and the quotes are closed below 0.9235. This will indicate the continuation of the fall of the pair with a potential target below the level 0.9005.