AUDCHF Support break

Bearish: We are currently @ 0.6618 in a channel in a range. We have convergence to the downside. IF we can break this support, we are looking for a continuation to the ATR target @ 0.6542 area and then the support @ 0.6500 area. Watch the USDX for any change in direction. The ATR for the pair currently is 74 pips per day and its 180 day average is 75 pips per day. USDX is currently trying to go up at the time of this post.

Posted to Introduction to Forex Targe… on Jul 14, 2022 — 8:07 AM
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