Technical analysis USDCHF for 02.10.2023

The Tenkan-sen line is located below 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 resistance is the level 0.92300. The closest support is the level 0.91600

Key levels

• 0.93100, 0.92700, 0.92300, 0.91600, 0.91380, 0.91000

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.92300, with Take Profit of 0.92700 and Stop Loss of 0.91950

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.91600, with Take Profit of 0.91380 and Stop Loss of 0.91950