Technical analysis USDCHF for 02.08.2023
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 support is the level 0.87775. The closest resistance is the level 0.88325

Key levels
- 0.88750, 0.88325, 0.87775, 0.87250, 0.86750
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.87775, with Take Profit of 0.88325 and Stop Loss of 0.87250
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.87250, with Take Profit of 0.86750 and Stop Loss of 0.87480