Technical analysis USDCHF for 14.09.2023

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 resistance is the level 0.89930. The closest support is the level

Key levels

• 0.90700, 0.90200, 0.89930, 0.88900, 0.88150, 0.87940

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.89930, with Take Profit of 0.90200 and Stop Loss of 0.89450

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.88900, with Take Profit of 0.88150 and Stop Loss of 0.89450