Technical analysis USDCHF for 24.12.2021

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed 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 0.9155. The closest resistance is the level 0.9195

Key levels

• 0.9375, 0.9335, 0.9305, 0.9265, 0.9230, 0.9195, 0.9155, 0.9085

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 0.9155, with Take Profit of 0.9085 and Stop Loss of 0.9195

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.9195, with Take Profit of 0.9230 and Stop Loss of 0.9155