USDCHF – reversal opportunity

Oct 11, 2022
Bearish:  We are currently @ 0.9961 in a range.  We have start of convergence for the down move. Below the support @ 0.9950 look for a move first to the 0.786 Fibo @ 0.9906 with the overall target the ATR target @ 0.9870. Watch the USDX for any change in direction. The ATR for the pair currently is 129 pips per day and its 180 day average is 106 pips per day. USDX is currently attempting down.