Technical analysis USDCHF for 11.07.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 0.9760. The closest resistance is the level 0.9825

Key levels

• 1.0025, 0.9900, 0.9825, 0.9760, 0.9650, 0.9650, 0.9620, 0.9520

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.9825, with Take Profit of 0.9900 and Stop Loss of 0.9760

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.9760, with Take Profit of 0.9695 and Stop Loss of 0.9825