Source: PaxForex Premium Analytics Portal, Technical Insight

As Reuters reports with reference to knowledgeable sources, in its forthcoming regular report the U.S. Treasury will call Switzerland a currency manipulator. As sources explain, this year the SNB conducted large-scale currency interventions aimed at curbing the strengthening of the franc. It means that Switzerland now meets all three criteria for defining a "currency manipulator. The other two criteria are a commodity trade surplus of $20+ billion and a balance of payments surplus of 2+%.

USD/CHF, 30 min

Pivot: 0.8892

Analysis:

Provided that the currency pair is traded above 0.8865, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.8892
• Take Profit 1: 0.8915
• Take Profit 2: 0.8930

Alternative scenario: 

In case of breakdown of the level 0.8865, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.8865
• Take Profit 1: 0.8850
• Take Profit 2: 0.8835

Comment:

RSI shows the possibility of an ascending momentum. 

Key levels:

USD/CHF, D1

Pivot: 0.8876

Analysis:

While the price is below 0.9100, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 0.8876
• Take Profit 1: 0.8750
• Take Profit 2: 0.8670

Alternative scenario:

If the level 0.9100 is broken-out, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.9100
• Take Profit 1: 0.9210
• Take Profit 2: 0.9295

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 1.2100 with 1.2060 and 1.2040 targets as Take Profit. Alternative scenario - if the level 1.2100 is broken-out, buy with the TP 1.2115 and 1.2130. 
GBP/USD – sell below 1.3415 with 1.3315 and 1.3290 as Take Profit targets. Alternative scenario - if the level of 1.3415 is broken-out, you should consider buying with the targets 1.3440 and 1.3475 as Take Profit.
AUD/USD - long positions above 0.7430 with 0.7500 and 0.7525 targets as Take Profit. Alternative scenario - if the level of 0.7430 is broken-down, sell with the targets 0.7415 and 0.7400 as Take Profit.