Swissie has rallied almost 250 pips since Tuesday when U.S. dollar demand kicked in across the board. Prices below 0.95 were sharply rejected as was the break lower in the U.S. dollar index.

The pair is now back above both monthly trendline that capped 2003 - 2015 downtrend and 2011 - 2015 trendline. 50 DMA and 0.9750 are the first stronger resistance levels to keep an eye on.

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