Technical analysis USDCHF for 23.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed upwards. 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 1.0090. The closest resistance is the level 1.0135

Key levels

• 1.0504,1.0390, 1.320, 1.0260, 1.0205, 1.0135, 1.0090, 1.0020

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 1.0020 and Stop Loss of 1.0135

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.0135, with Take Profit of 1.0205 and Stop Loss of 1.0090