The USDCHF pair have been ranging for the last couple of day staying above the 0.9150 support price but also testing the 0.92 resistance line.
USDCHF options investigate the pair buyers as one-month risk reversal, a gauge of calls to puts, dropped during the last two days after a four-week upward trajectory, per the latest data from Reuters.
This goes against the USDCHF bounce back from the monthly low, up 0.18% intraday near 0.9195 by the press time of early Wednesday.
Risk reversals flashed -0.1000 and -0.050 figures for Monday and Tuesday, suggesting the sellers are gradually firming up controls and/or a profit-booking move is building after the options market gauge rose for consecutive four weeks.
News to look out for today are the SNB Quarterly Bulletin, the US new home sales and the always important US Manufacturing and Services PMI.
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