Technical analysis USDCHF for 31.03.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.9225. The closest resistance is the level 0.9265

Key levels

• 0.9370, 0.9300, 0.9265, 0.9225, 0.9195, 0.9150, 0.9125

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 0.9265 and Stop Loss of 0.9195

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.9195, with Take Profit of 0.9150 and Stop Loss of 0.9225