Forex Opinion & Analysis

USD/CHF Has More Steam Left

USD/CHF is currently at 0.9590 in a channel. We have divergence, so most likely one more upside move. We are looking for a continuation toward the ATR target at 0.9657.

If divergence is still in play, look for the reversal. Watch the DXY for any change in direction. The ATR for the pair currently is 82 pips per day and its 180 day average is 79 pips per day. DXY is currently threatening up at the time of this post.USD/CHF price chart.

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