Bullish: USD/CHF is currently at 0.9249 at the start of a run to the range top. We are looking for a move here to continue to the ATR target at 0.9300 with a further target at 0.9308.
This may only be an a-b-c retracement – we’ll have to see. Watch the USDX for directions. The average daily true range (ATR) for the pair is 97 pips, and its 180-day average is 101 pips per day. USDX is currently up.
