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USD/CHF: Correction Almost Over

06/20/2023

Less than a minute

2023.06.20 11:35

Scott Barkley

Bearish: currently @ 0.8979 in a channel at the end of a corrective move. IF we can break the slope support here, we are looking for a continuation to the ATR target @ 0.883 with the overall target the S5 @ 0.8769. Watch the USDX for direction. The average daily true range (ATR) for the pair is 77 pips per day and it’s 180 day average is 86 pips per day. USDX is currently moving up in a corrective move.

USDCHF – correction almost done