USD/CHF Bullish Channel

 | Mar 05, 2019 08:54AM ET


USD/CHF Bullish: Currently, we are at 1.0010 in a range and a channel. IF we can break the resistance here, we are looking for the continuation to the 0.214 Fibonacci at 1.0061. The overall target is the range top at 1.0130 area. The average daily true range (ATR) for the pair currently is only 46 pips but its 90 day ATR is 59 so it can reach up there.