Swissie rose about 200 pips over the past two weeks, reflecting better risk sentiment as Brexit worries subsided. SNB stand ready to intervene whenever they deem necessary. Latest U.S. labour market figures were helpful too.
The pair is now holding above 0.98 and 200 DMA (~0.9850). The area between the levels is the initial support ahead of 50 DMA and 100 DMA near 0.9750. 0.99, May high (~0.9950) and parity (1.00) are the next targets.
The pair is now holding above 0.98 and 200 DMA (~0.9850). The area between the levels is the initial support ahead of 50 DMA and 100 DMA near 0.9750. 0.99, May high (~0.9950) and parity (1.00) are the next targets.
