Swissie is struggling to maintain foothold above 200 DMA. I closed above it four times last week but upper tails on daily candles are suggesting substantial supply coming in ahead of 0.99 level.
If the level gives way, 0.9950 (May high) is the next target before parity. Trendline drawn off of November and January highs is currently running at 1.01. A half-cent area above 50 DMA shall hold, if the uptrend is to continue.
If the level gives way, 0.9950 (May high) is the next target before parity. Trendline drawn off of November and January highs is currently running at 1.01. A half-cent area above 50 DMA shall hold, if the uptrend is to continue.
