Technical analysis USDCHF for 20.06.2023

The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.90300. The closest support is the level 0.89740

Key levels

• 0.91050, 0.90680, 0.90300, 0.89740, 0.89390, 0.89030

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.90300, with Take Profit of 0.90680 and Stop Loss of 0.90025

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.89740, with Take Profit of 0.89390 and Stop Loss of 0.90025