Swiss Franc Index (SXY) & Swiss Franc Pairs
As a safe-haven currency, the Swiss Franc (CHF) retained its strength throughout 2024, even as rate cuts from the Swiss National Bank (SNB) encouraged temporary rebounds by other currencies. Despite these rate cuts, the Franc maintained a bullish trajectory, targeting a key supply zone near the 122 level. We expect this region to act as a resistance point, triggering bearish order flow towards the close of Q1 2025.
The CHF’s resilience makes it a currency to watch, particularly in risk-off environments or during geopolitical uncertainty.
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The CHF’s resilience makes it a currency to watch, particularly in risk-off environments or during geopolitical uncertainty.
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