In the recent market conditions, the average liquidity for USD/CHF is highest around Tokyo close and London open. This is different to pre-COVID market conditions when the highest average liquidity is observed a few hours into the London session.
We notice an immediate and sharp spike in recent liquidity around Sydney open (between 22:00 and 23:00 GMT), relative to pre-COVID market conditions.
We also notice an immediate and sharp spike in recent liquidity around Tokyo open (between 0:00 and 1:00 GMT), relative to pre-COVID market conditions.