After breaking above September high (~0.9840) in late October, Swissie pulled back to retest it from above. The level held and the pair has continued to rally without making a significant pullback as was the pattern in the recent months.

This behaviour suggests that buyers have been eager to get on board of a move that could potentially extend to new five-year highs. March high (~1.0130) is the next target before the year's high (~1.03), set back in January. Parity level (1.00), which was broken on Friday, shall now act as a support.

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