USD/CHF: Channel Continuation

 | Oct 18, 2022 08:48AM ET

h2 Bearish

USD/CHF is currently at 9.9937 in a range and in a channel. We are looking for a move to the ATR at 0.9849 with a further target at the 1.618 Fibo at 0.9810. Watch the USDX for any change in direction. The ATR for the pair currently is 118 pips per day and its 180 day average is 99 pips per day. USDX is currently down.