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USD/CHF: Continuation Likely

11/29/2022

Less than a minute

2022.11.29 10:25

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Scott Barkley

Bullish: is currently at 0.9519 in a channel in a range. We are looking for a continuation to the ATR target at 0.9609 with a further target the 0.618 Fibo at the 0.9650 area.

We have convergence on the hourly. The target down is 0.9394 if it reverses. Watch the for any change in direction. The ATR for the pair currently is 114 pips per day, and its 180-day average is 97 pips per day. USDX is currently sideways.

USD/CHF price chart.