USD/CHF leans bullish towards 0.9700 despite downbeat options market signals

USD/CHF takes the bids to refresh intraday high around 0.9690 heading into Wednesday’s European session.

The Swiss currency (CHF) pair refrain from clearly printing options market bias while ignoring the latest bearish signals.

That said, the one-month risk reversal (RR) of the USD/CHF pair, a gauge of calls to puts, eased to -0.020 by the end of Tuesday’s North American session.

In doing so, the options market catalysts portray a neutral bias of the traders, considering the previous day’s print of +0.020.

It’s worth noting that the latest full-week RR dropped the most in a month while flashing -0.555 figures by the end of Friday.

Also read: USD/CHF Price Analysis: Inverted Flag advocates a bearish momentum