USD/CHF is currently going sideways with a bearish bias at the time of this post. We are now at 0.9321.
We have divergence in play on the hourly compressions. We are looking for an initial move to the ATR target at the 0.9247 area with a further target of the 0.500 Fibonacci level at 0.9226.
Watch the DXY for any change in direction. The ATR for the pair currently is 61 pips per day, and its 180-day average is 61 pips per day.
