Technical analysis USDCHF for 11.09.2023

The Tenkan-sen line is located above the Kijun-sen line. Blue is directed downward, while red remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.89600. The closest support is the level 0.88900

Key levels

• 0.90700, 0.90200, 0.89600, 0.88900, 0.88150, 0.87940

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.89600, with Take Profit of 0.90200 and Stop Loss of 0.89250

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.88900, with Take Profit of 0.88150 and Stop Loss of 0.89250