Technical analysis USDCHF for 15.06.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 resistance is the level 0.89570. The closest support is the level 0.89070

Key levels

• 0.90390, 0.89960, 0.89570, 0.89070, 0.88680, 0.88270

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.89570, with Take Profit of 0.89960 and Stop Loss of 0.89320

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.89070, with Take Profit of 0.88680 and Stop Loss of 0.89320