Technical analysis USDCHF for 26.09.2023

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains 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 0.91100. The closest resistance is the level 0.91450

Key levels

• 0.91750, 0.91450, 0.91100, 0.90750, 0.90275

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 0.91100, with Take Profit of 0.91450 and Stop Loss of 0.90750

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.90750, with Take Profit of 0.90275 and Stop Loss of 0.91100