USD/CHF– Breaking out of the box

Mar 21, 2023

Bearish: We are currently @ 0.9238 after the breakout of the flag pattern. We are in a range. WE are looking for a continuation to the ATR target @ 0.9194 with a further target @ the 1.618 Fibo @ 0.9137. We have convergence in play for the move. Watch the USDX for direction. The average daily true range (ATR) for the pair is 98 pips and it’s 180 day average is 99 pips per day. USDX is currently moving down.