USDCHF demand into 0.9630 has the mark of SNB smoothing

A morning that's seen general EUR supply has USDCHF finding support 5 June

A coincidence perhaps given that EURCHF has also fallen but that's what gets me thinking that the SNB may well have been sniffing around 0.9630 to stem further losses and that in turn has put the brakes under EURCHF around 1.0850.

USDCHF currently back up to 0.9655 but with sell interest near by with larger into 0.9700 to plug a few gaps from Friday's post-NFP fall.

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