USD / CHF at the near and medium level

Economically:

The US dollar fell this week against most currencies due to Trump's statements in his first week as the official president of the United States of America.

He commented yesterday via a video link to the World Economic Forum in Davos, Switzerland, and said.

That I will demand that interest rates be lowered immediately, and likewise they should be lowered all over the world.

We expect that there will be major clashes in the coming period between Trump and Jerome Powell, the US Federal Reserve Governor.

Trump wants lower interest rates and a weaker dollar to support the US economy, but his policy of tariffs, tighter immigration and tax cuts, if already implemented, will help keep us revenues and the dollar high for longer.

The dollar also fell after Trump's statements that he would prefer not to impose new tariffs on China, but expectations that these declines will be limited.

At the technical level:

The USD / CHF pair has retreated from very strong resistance levels at levels close to 0.9200, and the pair is now trying to build on the uptrend levels.

As the pair, if it reaches the uptrend levels near the levels of 0.8960 and around, I expect then we may have buying opportunities for the pair, especially with a retracement of any Ben-bar reversal candles from this uptrend.

We then target the levels of 0.9060 and then the peak of 0.9200.

This scenario fails if the 0.8900 levels break down.