The strengthening of the Dollar allows an increase in the price of the USD/CHF. Investors take refuge in the Swiss Franc, given the uncertainty generated by the spread of the delta variant of Covid-19. A downtrend is forecast for the USD/CHF pair for the coming week. It is expected for the USD/CHF pair to test the support level of 0.8920. The USD/CHF weekly forecast is mildly bearish as certain resistance levels still hold. The strength in CHF amid risk-off sentiment also caps the gains. The strengthening of the US dollar is responsible for the upward movement of the USD/CHF pair. The strengthening is mainly due to the expectations generated among investors about a change in the Fed’s monetary policy at the end of the year or in early 2022. These expectations were fueled by the comments of Fed Vice President Richard Clarida, who said on Wednesday that the central bank could begin to reduce the purchase of assets later this year. –Are you interested to learn more about automated forex trading? Check our detailed guide- In previous weeks, Fed Chairman Jerome Powell said that “substantial progress” must be seen to change monetary policy. However, he clarified later that this “substantial progress” was linked to better inflation and job creation results. In that sense, this week’s unemployment data in the United States were also published, which turned out to be better than expected. This way, the expectations of a change in monetary policy increased. The data released goes as follows: In July, 943,000 new jobs were created, exceeding the expected figure by a margin of 73,000 new jobs. This is the highest number of jobs created since September 2020. Also, the number of Americans who filed for unemployment benefits up to 385,000 compared to 399,000 the previous week. For its part, the Swiss franc also appreciated the current risk aversion of large investors because of the fear generated by the delta variant. Remember that the Swiss franc is considered a safe-haven currency. Get FREE Forex Signals Now! Upcoming events There will be no relevant events or announcements on the Swiss side. Inflation is a topic that all economic actors are watching out for right now. For next week the consumer price and product price indices will be published. The US CPI is expected to decline to 0.5% against June’s 0.9% figure. The Fed policy directly depends on it. The good results of these indexes will further strengthen the US dollar. It is important to remember that the CPI is one of the aspects that the Fed authorities are monitoring to decide on a future change in their monetary policy. USD / CHF weekly technical analysis: 55-weeks EMA pressing down After hitting the low of 0.9051, the USD/CHF pair rises during the Asian session to maintain a positive outlook/ The pair’s price closed the week at 0.91445. However, failing to stay above the 55-week EMA indicates a medium-term downtrend. –Are you interested to learn more about forex signals? Check our detailed guide- USD/CHF weekly forecast chart USD/CHF forecast next week It is expected a downtrend for next week. The breakout of the 0.9017 level confirms the decline from the 0.9273 level to retest the 0.8920 support. Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. USD/CHF ForecastWeekly Forex Forecasts share Read Next Bitcoin Price Prediction: BTC Rallies 9% To Trade Above $44K Nancy Lubale 3 months The strengthening of the Dollar allows an increase in the price of the USD/CHF. Investors take refuge in the Swiss Franc, given the uncertainty generated by the spread of the delta variant of Covid-19. A downtrend is forecast for the USD/CHF pair for the coming week. It is expected for the USD/CHF pair to test the support level of 0.8920. The USD/CHF weekly forecast is mildly bearish as certain resistance levels still hold. The strength in CHF amid risk-off sentiment also caps the gains. 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