Technical analysis USDCHF for 15.06.2022

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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.9980. The closest resistance is the level 1.0065

Key levels

• 1.0174, 1.0065, 1.9980, 0.9890, 0.9800, 0.9720

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.0065, with Take Profit of 1.0174 and Stop Loss of 0.9980

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.9980, with Take Profit of 0.9890 and Stop Loss of 1.0065