USD/CHF Could Reverse From Here
Scott Barkley | Jul 19, 2023 08:50AM ET
Bullish: USD/CHF is currently at 0.8582 in the bottom of the range. MACD points the way up. If we can break resistance here, we are looking for a continuation to the ATR at 0.8650 with the overall target the 1.618 Fibo at 0.8661. Watch the USDX for direction. The average daily true range (ATR) for the pair is 68 pips per day and it’s 90 day average is 72 pips per day. USDX is currently moving up.
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