U.S. Congress reached a deal on spending bill yesterday, effectively averting government shutdown. That saw some mild U.S. dollar strength in the first hours of trading. There's a holiday today in the U.K. and most of the E.U., but the N.A. session kicks off with U.S. treasury secretary Mnuchin's speech and ISM Manufacturing PMI later.

Swissie is trading near the middle of a declining wedge pattern, right at 200 DMA. I expect it to stay in equilibrium at least until the new French president is known. After that, direction will depend on risk sentiment. 0.985 - 0.99 is the initial support and 1.00 - 1.005 the resistance.

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