The Swissy has broken out of consolidation, finishing Tuesday above wedge resistance. Pair had been trading sideways since February and bulls will be looking to capitalize on this development, pushing the pair higher over the coming days.
Initial resistance is a zone stretching from 9920 - 9960, with a break above there targeting parity and the 1.0040 - 1.0095 zone. Expect pair to find willing buyers on any interim weakness, with former resistance in the .9845 - 9810 zone acting as support.
Initial resistance is a zone stretching from 9920 - 9960, with a break above there targeting parity and the 1.0040 - 1.0095 zone. Expect pair to find willing buyers on any interim weakness, with former resistance in the .9845 - 9810 zone acting as support.
