AUD/CHF Breaks Channel
Scott Barkley | Jul 18, 2022 08:40AM ET
AUD/CHF is at 0.6674 out of a channel in a range. We have convergence to the upside. If we can break this resistance (former day chart bottom), we are looking for a continuation toward the ATR target at the 0.6708 area.
Watch the DXY for any change in direction. The ATR for the pair currently is 77 pips per day and its 180-day average is 75 pips per day. DXY is currently trying to bounce at the time of this post.
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