USD/CHF Shorting Opportunity
Scott Barkley | Jul 21, 2022 08:26AM ET
USD/CHF is currently at 0.9713 and in a channel. We have convergence to the downside. We are looking for a continuation toward the ATR target at the 0.9631 area and then the 0.786 Fibo support at 0.9579.
Watch the USDX for any change in direction. The ATR for the pair currently is 84 pips per day, and its 180-day average is 82 pips per day. USDX is currently threatening down at the time of this post.
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