Source: PaxForex Premium Analytics Portal, Technical Insight

The dollar rose as traders reduced bearish positions on fears that other central banks, in particular the European Central Bank, would seek to stop too much strengthening of their national currencies.

USD/CHF, 30 min

Pivot: 0.9098

Analysis:

Provided that the currency pair is traded above 0.9075, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.9098
• Take Profit 1: 0.9115
• Take Profit 2: 0.9135

Alternative scenario: 

In case of breakdown of the level 0.9075, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.9075
• Take Profit 1: 0.9060
• Take Profit 2: 0.9045

Comment:

RSI shows the possibility of an ascending momentum. 

Key levels:

USD/CHF, D1

Pivot: 0.9177

Analysis:

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

• Time frame: D1
• Recommendation: short position
• Entry point: 0.9177
• 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 1.1855 with 1.1810 and 1.1795 targets as Take Profit. Alternative scenario - if the level 1.1855 is broken-out, buy with the TP 1.1875 and 1.1895. 
GBP/USD – sell below 1.2885 with 1.2775 and 1.2715 as Take Profit targets. Alternative scenario - if the level of 1.2885 is broken-out, you should consider buying with the targets 1.2930 and 1.2990 as Take Profit.
AUD/USD - short positions below 0.7285 with 0.7245 and 0.7220 targets as Take Profit. Alternative scenario - if the level of 0.7285 is broken-out, buy with the targets 0.7305 and 0.7325 as Take Profit.