FX.co ★ blaise.rogahn | USD/CHF

Analysis and forecast for the currency pair USDCHF based on technical analysis Good day to everyone! The American dollar preferred to decline against all other currencies this trading week. However, on the chart in relation to the Swiss franc, we can see that the dollar did not actually fall and to some extent, we can say that it even rose. For example, on Tuesday, the price bounced off a strong level at 0.9494 and repeated this on Friday. Both of these situations provided good entry points for bulls in long positions. So, the situation with the dollar is not entirely clear yet and it has every chance of strengthening next week, while the franc has clearly shown its weakness. Therefore, there is a high probability that the USDCHF pair will continue its northern trend and one could consider entering the market around 0.9195, which is the 161st Fibonacci level that I applied to the movement of this trading week. As a more long-term target, a strong resistance level at 0.9243 is in place.