Technical analysis USDCHF for 02.06.2022

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 descending. Instrument consolidates at the bottom of the cloud. The closest resistance is the level 0.96680. The closest support is the level 0.96130

Key levels

• 0.97270, 0.96960, 0.96680, 0.96130, 0.95850, 0.95570

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.96680, with Take Profit of 0.96960 and Stop Loss of 0.96300

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.96130, with Take Profit of 0.95850 and Stop Loss of 0.96300