RSS Can the Swiss Franc Continue to Withstand the Pressure? - 15 January 2025

[Crax Bot]

The US dollar did fall a bit during the early hours on Tuesday against the Swiss franc as the PPI numbers in America came out flat instead of up 2 10ths of a percent as anticipated. That being said, I don't think that changes much. Most people are going to be paying attention to the CPI numbers on Wednesday, and you should probably also keep an eye on the fact that the market is at an extreme high, the 0.92 level being that high. That level has been important for quite some time, and I think it will continue to be. So, if we can break above there on a solid daily close, perhaps maybe at 0.9250, I think this is a pair that goes much, much higher. I think that happens eventually anyways.

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