Technical analysis USDCHF for 21.04.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, 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 0.9430. The closest resistance is the level 0.9507

Key levels

• 0.9652, 0.9578, 0.9507, 0.9430, 0.9371, 0.9314

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 0.9430 and Stop Loss of 0.9578

Alternative scenario

• Recommended opening long positions (Buy Limit) from the level of 0.9430, with Take Profit of 0.9507 and Stop Loss of 0.9371