Source: PaxForex Premium Analytics Portal, Technical Insight

16.8 billion Swiss francs of credit funds in total received small and medium businesses in Switzerland to cope with the coronavirus pandemic. The data was provided by the Secretariat of State for Economic Affairs (SECO).

USD/CHF, 30 min

Pivot: 0.9119

Analysis:

Provided that the currency pair is traded above 0.9095, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.9119
• Take Profit 1: 0.9160
• Take Profit 2: 0.9180

Alternative scenario: 

In case of breakdown of the level 0.9095, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.9095
• Take Profit 1: 0.9080
• Take Profit 2: 0.9060

Comment:

RSI shows the possibility of an ascending momentum. 

Key levels:

USD/CHF, D1

Pivot: 0.9114

Analysis:

While the price is below 0.9250, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 0.9114
• Take Profit 1: 0.9000
• Take Profit 2: 0.8860

Alternative scenario:

If the level 0.9250 is broken-out, follow the recommendations below.

• Time frame: D1
• Recommendation: long position
• Entry point: 0.9250
• Take Profit 1: 0.9390
• Take Profit 2: 0.9465

Comment:

RSI shows the development of a downtrend in the medium-term.

Key levels:

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

EUR/USD - sell below 1.1860 with 1.1760 and 1.1730 targets as Take Profit. Alternative scenario - if the level 1.1860 is broken-out, buy with the TP 1.1895 and 1.1920. 
GBP/USD – sell below 1.3370 with 1.3250 and 1.3210 as Take Profit targets. Alternative scenario - if the level of 1.3370 is broken-out, you should consider buying with the targets 1.3405 and 1.3445 as Take Profit.
AUD/USD - short positions below 0.7340 with 0.7300 and 0.7280 targets as Take Profit. Alternative scenario - if the level of 0.7340 is broken-out, buy with the targets 0.7250 and 0.7280 as Take Profit.