Technical analysis USDCHF for 27.09.2022

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 0.9560. The closest resistance is the level 0.9950

Key levels

• 1.0064, 0.9950, 0.9860, 0.9860, 0.9800, 0.9725, 0.9665, 0.9565

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.9950, with Take Profit of 1.0064 and Stop Loss of 0.9860

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.9860, with Take Profit of 0.9725 and Stop Loss of 0.9950