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USD/CHF Forecast: Today 20/01/2025 (Video)
(MENAFN- Daily Forex)
- The US dollar initially did dip a little bit against the Swiss franc, but the 0.91 level has offered enough support to turn things around. Ultimately, at this point in time, I think we have a situation where the market is going to try to reach the 0.92 level, an area that has had significant resistance. And when you look at the longer term charts, the 0.92 level is an area that you most certainly need to pay close attention to because once you break above there significantly, there's a big air bubble all the way to parity. That means an 800-pip move, and I am definitely watching this pair because of that. In fact, I believe that if the US dollar strength continues, this might be one of the more surprising pairs that forex traders deal with this year.

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