Technical analysis USDCHF for 23.03.2022

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 resistance is the level 0.93700. The closest support is the level 0.93350

Key levels

• 0.94320, 0.93960, 0.93700, 0.93350, 0.93000, 0.92600, 0.92250, 0.91900, 0.91500

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 0.93700 and Stop Loss of 0.93350

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 0.93700, with Take Profit of 0.93350 and Stop Loss of 0.93960