Technical analysis USDCHF for 13.11.2023

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 descending. Instrument corrected to the Tenkan-se line. The closest resistance is the lower border of the cloud. The closest support is the level 0.89750

Key levels

• 0.91660, 0.91030, 0.90530, 0.89750, 0.89300, 0.88880

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.90530, with Take Profit of 0.91030 and Stop Loss of 0.90125

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.89750, with Take Profit of 0.89300 and Stop Loss of 0.90125