The Dollar is easing back on the news that the 15:00 GMT release of US December Leading Indicators has been postponed until tomorrow. USD/CHF has dipped back below 1.2500 on the news but buyers into 1.2495 are currently attempting to stall further declines.
The 10-hour moving average currently sits at 1.2497 and spot has not closed an hourly candle below this line since the post-North American sell-off on Friday. As a result any close below will put a short-term negative bias on the charts and put a return towards 1.2470 & 1.2450 on some bears minds.
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