USD/CHF – could make the turn up

Jul 19, 2023

Bullish: We are currently @ 0.8582 in the bottom of the range. MACD points the way up. If we can break resistance here, we are looking for a continuation to the ATR Target @ 0.8650 with the overall target the 1.618 Fibo @ 0.8661. Watch the USDX for direction. The average daily true range (ATR) for the pair is 68 pips per day and it’s 90 day average is 72 pips per day. USDX is currently moving up.