Bearish: USD/CHF is currently at 0.9422 in a channel in a range. If we can break the support here, we are looking for a continuation to the ATR target at 0.9352 with a further target the range bottom at the 0.9300 area.
We have convergence on the hourly. The target up is 0.9490 if it reverses. Watch the USDX for any change in direction. The ATR for the pair currently is 104 pips per day, and its 180-day average is 98 pips per day. USDX is currently down.
