USD/CHF Could Head Lower

 | Dec 01, 2021 08:49AM ET

USD/CHF is bearish at the time of this post. We are currently at 0.9202 and in a channel.

If we break the slope support, we are looking for an initial move to the average true range (ATR) target at 0.9130.

Watch the DXY for any change in direction. The ATR for the pair currently is 64 pips per day and its 180-day average is 63 pips.