Technical analysis USDCHF for 28.12.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.83960. The closest support is the top of the cloud

Key levels

• 0.85180, 0.84440, 0.83960, 0.82900, 0.82390, 0.81740

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.83960, with Take Profit of 0.84440 and Stop Loss of 0.83470

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.82900, with Take Profit of 0.82390 and Stop Loss of 0.83470