AUD/CHF Breaks Support
Scott Barkley | Jul 14, 2022 08:48AM ET
AUD/CHF is currently at 0.6618 in a channel in a range. We have convergence to the downside. If we break below this support, we are looking for a continuation toward the ATR target at the 0.6542 area and the support at the 0.6500 area.
Watch the DXY for any change in direction. The ATR for the pair currently is 74 pips per day, and its 180-day average is 75 pips per day. DXY is currently trying to go up at the time of this post.
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