Technical analysis USDCHF for 01.12.2021

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.91150. The closest resistance is the level 0.92000

Key levels

• 0.94740, 0.93700, 0.93000, 0.92000, 0.91150, 0.90200, 0.89250

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 0.92000, with Take Profit of 0.91150 and Stop Loss of 0.93000

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.92680, with Take Profit of 0.93700 and Stop Loss of 0.92000