Swisse has been another currency pair that has benefited from the positive risk sentiment after the U.S. election. The low on that day extended to 0.9550 from which the pair rallied about three cents, closing a cent higher on the week.
Trendline drawn off of November 2015 and January 2016 highs comes in near parity level this week and is the important confluence to watch. If momentum carries on the pair could just slice through. In the event of a deeper pullback, 0.975 - 0.98 is the support zone to watch.
Trendline drawn off of November 2015 and January 2016 highs comes in near parity level this week and is the important confluence to watch. If momentum carries on the pair could just slice through. In the event of a deeper pullback, 0.975 - 0.98 is the support zone to watch.