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- USD/CHF traces options market cues to brace for the first weekly gain in three
USD/CHF traces options market cues to brace for the first weekly gain in three
USD/CHF remains sidelined around 0.9300, after a downbeat daily performance, as traders look set to snap a two-week losing streak. In doing so, the Swiss currency pair traces the upbeat options market signals while suggesting further advances of the quote.
That said, a one-month risk reversal (RR) of the USD/CHF pair, a gauge of the spread between the call and put options, prints the first weekly mark in three, as well as the highest figure in a month, while posting the 0.040 mark at the latest.
It’s worth noting, however, that the daily RR portrayed a -0.145 figure by the end of Thursday’s North American session and poked the USD/CHF bulls with the lowest mark in three days.
Hence, the USD/CHF pair’s current indecision could be linked to the mixed plays between the weekly and daily RR even if the bulls hold the reins.
Also read: USD/CHF Price Analysis: Bulls and bears clashed around 0.9280/90 on sideways trading
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