Technical analysis USDCHF for 06.07.2023

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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.90310. The closest support is the level 0.89280

Key levels

• 0.91430, 0.90890, 0.90310, 0.89280, 0.88660

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.90310, with Take Profit of 0.90890 and Stop Loss of 0.89800

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.89280, with Take Profit of 0.88660 and Stop Loss of 0.89800