Technical analysis USDCHF for 28.06.2022

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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.9540. The closest resistance is the level 0.9580

Key levels

• 0.9755, 0.9650, 0.9580, 0.9540, 0.9465, 0.9400

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 0.9540, with Take Profit of 0.9465 and Stop Loss of 0.9580

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.9580, with Take Profit of 0.9540 and Stop Loss of 0.9650