Technical analysis USDCHF for 22.09.2023

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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.91000. The closest support is the level 0.90200

Key levels

• 0.91790, 0.91380, 0.91000, 0.90200, 0.89830, 0.89350

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.91000, with Take Profit of 0.91380 and Stop Loss of 0.90630

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.90200, with Take Profit of 0.89830 and Stop Loss of 0.90630