Technical analysis USDCHF for 08.11.2023
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 0.90330. The closest support is the level 0.89750

Key levels
- 0.91660, 0.91030, 0.90330, 0.89750, 0.89300, 0.88880
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.90330, with Take Profit of 0.91030 and Stop Loss of 0.90050
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.89750, with Take Profit of 0.89300 and Stop Loss of 0.90050