USD/CHF Topped Out, Headed South

USD/CHF Topped Out, Headed South

USD/CHF currently at 0.9666 after topping out the range. We have divergence in play. We are looking for a continuation to the ATR target at 0.9604 area with a bigger target, the 0.500 Fibo at 0.9541.

Watch the DXY for any change in direction. The ATR for the pair currently is 74 pips per day and its 180 day average is 79 pips per day. DXY is currently down and already made the turn to the downside.



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