Swissie traded to the highest since March after hawkish FOMC on Wednesday, breaking above August high (~0.99) in the process and to as high as 0.9957. Selling ahead of parity (1.00) was enough to stall the ascent and the pair has been backing and filling for two days now.
September high (~0.9840) is already playing an important role as support and remains the first test on whether this rally still has legs or another deep pullback will be needed before the pair finally breaks above parity.
September high (~0.9840) is already playing an important role as support and remains the first test on whether this rally still has legs or another deep pullback will be needed before the pair finally breaks above parity.