Source: PaxForex Premium Analytics Portal, Technical Insight

Powell, Q&A: We will not attribute "substantial further progress" to the numbers:

• The interest rate and balance sheet tools, which provide powerful support for the economy, will continue to be used;

• The current economic downturn is the most severe of all;

• Recovery may require continued support from both fiscal and monetary policy;

• I will not denote substantial progress by specific numbers;

• Employment should be "substantially" closer to full employment.

AUD/USD, 30 min

Pivot: 0.7603

Analysis:

Provided that the currency pair is traded below 0.7630, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.7603
• Take Profit 1: 0.7565
• Take Profit 2: 0.7545

Alternative scenario: 

In case of breakout of the level 0.7630, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.7630
• Take Profit 1: 0.7650
• Take Profit 2: 0.7665

Comment:

RSI shows the possibility of descending momentum during the day.

Key levels:

AUD/USD, D1

Pivot: 0.7572

Analysis:

While the price is above 0.7335, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.7572
• Take Profit 1: 0.7680
• Take Profit 2: 0.7815

Alternative scenario:

If the level 0.7335 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 0.7335
• Take Profit 1: 0.7220
• Take Profit 2: 0.7090

Comment:

RSI shows a bullish sentiment.

Key levels:

We also advise you to pay attention to the following currency pairs for intraday trading:

EUR/USD - sell below 1.2275 with 1.2225 and 1.2200 targets as Take Profit. Alternative scenario - if the level 1.2275 is broken-out, buy with the TP 1.2300 and 1.2325.
GBP/USD – sell below 1.3590 with 1.3450 and 1.3415 as Take Profit targets. Alternative scenario - if the level of 1.3590 is broken-out, you should consider buying with the targets 1.3620 and 1.3655 as Take Profit.
USD/CHF - long positions above 0.8820 with 0.8860 and 0.8880 targets as Take Profit. Alternative scenario - if the level of 0.8820 is broken-down, sell with the targets 0.8800 and 0.8780 as Take Profit.