Source: PaxForex Premium Analytics Portal, Technical Insight

According to Reuters, Thomas Barkin, head of the Federal Reserve Bank of Richmond, said Thursday that mass vaccination against the coronavirus is unlikely to happen before this summer. "The results of the congressional races will likely allow more support for the least fortunate applicants, but still hold back more ambitious programs. There are still deflationary forces restraining prices. The second half of 2021 is expected to be robust in terms of business and consumer spending. The first half of the year is likely to be slow, with limited declines, given household savings and the transfer of power in the state.

USD/CHF, 30 min

Pivot: 0.8848

Analysis:

Provided that the currency pair is traded above 0.8835, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.8848
• Take Profit 1: 0.8875
• Take Profit 2: 0.8890

Alternative scenario: 

In case of breakdown of the level 0.8835, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.8835
• Take Profit 1: 0.8820
• Take Profit 2: 0.8800

Comment:

RSI shows the possibility of ascending momentum. 

Key levels:

USD/CHF, D1

Pivot: 0.8767

Analysis:

While the price is below 0.9000, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 0.8767
• Take Profit 1: 0.8750
• Take Profit 2: 0.8640

Alternative scenario:

If the level 0.9000 is broken-out, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.9000
• Take Profit 1: 0.9085
• Take Profit 2: 0.9185

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 1.2280 with 1.2210 and 1.2180 targets as Take Profit. Alternative scenario - if the level 1.2280 is broken-out, buy with the TP 1.2305 and 1.2325. 
GBP/USD – buy above 1.3530 with 1.3635 and 1.3670 as Take Profit targets. Alternative scenario - if the level of 1.3530 is broken-down you should consider selling with the targets 1.3500 and 1.3475 as Take Profit.
AUD/USD - long positions above 0.7735 with 0.7820 and 0.7835 targets as Take Profit. Alternative scenario - if the level of 0.7735 is broken-down, sell with the targets 0.7720 and 0.7700 as Take Profit.