USDCHF trying to reverse

Bearish: USDX is currently going sideways with a bearish bias at the time of this post. We are currently @ 0.9321. We have divergence in play on the hourly compressions. We are looking for an initial move to the ATR target @ 0.9247 area with a further target the 0.500 Fibo @ 0.9226. Watch the USDX for any change in direction. The ATR for the pair currently is 61 pips per day and its 180 day average is 61 pips per day.

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Posted to Introduction to Forex Targe… on Jan 31, 2022 — 8:01 AM

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