USDCHF – Channel Continuation

Bearish:  We are currently @ 9.9937 in a range and in a channel. We are looking for a move to the ATR @ 0.9849 with a further target @ the 1.618 Fibo @ 0.9810.  Watch the USDX for any change in direction. The ATR for the pair currently is 118 pips per day and its 180 day average is 99 pips per day. USDX is currently down.

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