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FX.co ★ Mou78Ibrahim | USD/CHF

USD/CHF

January 30, 2025 Technical analysis of USD/CHF The US Dollar is attempting to snap a two-week losing streak with the USD/CHF erasing the Monday sell-off. A defense of multi-month support now shifts the focus to a breakout of the January opening-range with major event risk on tap into the close of the week. USD/CHF remains steady near 0.9050 ahead of Swiss Trade Balance data USD/CHF moves little as traders await economic releases seeking fresh impetus. US Gross Domestic Product Annualized (Q4) could report a 2.6% growth, down from the previous 3.1%. Swiss Trade Balance and the KOF Leading Indicator are scheduled to be released on Thursday.

USD/CHF

steadies after two consecutive days of gains, trading around 0.9070 during the Asian session on Thursday. This decline is mainly attributed to a weaker US Dollar (USD). The US

USD/CHF

(DXY), which tracks the Greenback against six major currencies, hovers slightly below the 108.00 mark at the time of writing. Traders are awaiting the release of the US fourth-quarter Gross Domestic Product (GDP) growth data, scheduled for Thursday. The market consensus expects a slowdown in annualized GDP growth, with a forecast of 2.6%, down from the previous 3.1%. Inflationary concerns persist, with the Q4 GDP
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USD/CHF

expected to rise to 2.5%, up from 1.9%. The downside for USD/CHF may be limited, as the USD could strengthen following the Federal Reserve's (Fed) cautious approach to monetary policy. The Fed maintained its overnight borrowing rate at 4.25%-4.50% during its January meeting on Wednesday, as widely anticipated. This decision follows three consecutive rate cuts since September 2024, totaling a one-percentage-point reduction. In summary, while the USD/CHF pair has shown bullish tendencies, traders should remain cautious due to mixed technical signals and the potential for volatility.

USD/CHF

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