Traders it waiting the next shove with momentum (hopefully). The USDCHF today has been ping-pong been mostly between its 100 hour moving average below at 0.90523 and 200 day moving average above at 0.9073. There has been some small peeks above and below the levels, but not by much. The current price trade at 0.9066.
Dollar pares light gains as risk sentiment keeps firmer
Risk trades stick with the rebound from yesterday 10-year Treasury yields are now up 4 bps on the day to 1.25% and equities are also trading higher in general, with European indices holding gains around 0.9% to 1.5%. The Spanish IBEX is leading the charge and is up by nearly 2% on the session now.