USDCHF – making the turn

Bullish: We are currently @ 0.9249 in the start of a run to the range top. We are looking for a move here to continue to the ATR target @ 0.9300 with a further target @ 0.9308. This may only be an a-b-c retracement – we’ll have to see. Watch the USDX for direction. The average daily true range (ATR) for the pair is 97 pips and it’s 180 day average is 101 pips per day. USDX is currently up.

Posted to Introduction to Forex Targe… on Jan 10, 2023 — 8:01 AM
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