Forex analytics and overview
USD/CHF Continues In A Downward Channel
2022.05.25 05:13
Bearish
USD/CHF was trading at 0.9650 in a 5th fractal wave within a downward channel.
We are looking for a continuation of the pair to the ATR target of 0.9557 and then the S4 target at 0.9527.
Watch for a bounce there, as well as any change in direction in the USDX. At time of writing, the US dollar index was moving down.
The ATR for the pair currently is 106 pips per day and its 180 day average is 86 pips per day.
USD/CHF Chart
