USD\/CHF – in a third wave

Forex Strategy is Bullish: We are currently @ 0.8280 in a third wave up. We are looking for a short pullback and then resumption to the ATR target/Square Up @ 0.8360 area. Further targets are the 0.8377 and 0.8468. USDX is currently up (and must continue up). Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 106 pips per day and it’s 90-day average is 77 pips per day.

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