Technical analysis USDCHF for 17.03.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.9430. The closest support is the level 0.9360

Key levels

• 0.9480, 0.9430, 0.9360, 0.9320, 0.9280, 0.9225, 0.9150

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 0.9360, with Take Profit of 0.9430 and Stop Loss of 0.9320

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.9320, with Take Profit of 0.9280 and Stop Loss of 0.9360