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USD/CHF Poised to fall

12/21/2022

Less than a minute

2022.12.21 12:15

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Scott Barkley

Bearish: is currently at 0.9240 in a channel and large descending wedge (bearish). If we can break the support here, we are looking to continue to the ATR target at 0.9174. Lots of confluence on this pair.

Watch the for directions. The average daily true range (ATR) for the pair is 87 pips. USDX is currently threatening to go down.

USD/CHF Price Chart.