Technical analysis USDCHF for 26.05.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are remain horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument corrected to the Tenkan-se line. The closest resistance is the level 0.96390. The closest support is the level 0.95780

Key levels

• 0.97080, 0.96700, 0.96390, 0.95780, 0.95300, 0.94860

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.96390, with Take Profit of 0.96700 and Stop Loss of 0.96000

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.95780, with Take Profit of 0.95300 and Stop Loss of 0.96000