Technical analysis USDCHF for 27.09.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 0.92300. The closest support is the level 0.91700

Key levels

• 0.93100, 0.92700, 0.92300, 0.91700, 0.91380, 0.91000

Trading scenario

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• Recommended opening long positions (Buy Stop) from the level of 0.92300, with Take Profit of 0.92700 and Stop Loss of 0.92050

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.91700, with Take Profit of 0.91380 and Stop Loss of 0.92050