Technical analysis USDCHF for 20.06.2022

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 support is the level 0.9655. The closest resistance is the level 0.9730

Key levels

• 1.0030, 0.9915, 0.9840, 0.9730, 0.9655, 0.9545

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.9730, with Take Profit of 0.9840 and Stop Loss of 0.9655

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.9655, with Take Profit of 0.9545 and Stop Loss of 0.9730