Source: PaxForex Premium Analytics Portal, Technical Insight

As reported by the President of the Federal Reserve Bank of San Francisco M. Daley in an interview with CNBC:

• He expects growth to slow down in the future;

• The Fed's policy is consistent with the current situation;

• Fiscal support is crucial;

• In the face of the epidemic, continued support for Americans is essential;

• The vaccine is good news, but the priority now is to increase the rate of disease;

• Without fiscal assistance, economic growth will be slower;

• The Fed's powerful tools provide the regulator with enough flexibility to handle any situation.

USD/CHF, 30 min

Pivot: 0.9182

Analysis:

Provided that the currency pair is traded above 0.9140, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.9182
• Take Profit 1: 0.9205

Alternative scenario: 

In case of breakdown of the level 0.9140, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.9140
• Take Profit 1: 0.9120
• Take Profit 2: 0.9100

Comment:

RSI shows the possibility of an ascending momentum. 

Key levels:

USD/CHF, D1

Pivot: 0.9180

Analysis:

While the price is below 0.9200, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 0.9180
• Take Profit 1: 0.8980
• Take Profit 2: 0.8890

Alternative scenario:

If the level 0.9200 is broken-out, follow the recommendations below.

• Time frame: D1
• Recommendation: long position
• Entry point: 0.9200
• Take Profit 1: 0.9295
• Take Profit 2: 0.9395

Comment:

RSI shows the development of an uptrend 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 1.1790 with 1.1720 and 1.1695 targets as Take Profit. Alternative scenario - if the level 1.1790 is broken-out, buy with the TP 1.1810 and 1.1835. 
GBP/USD – sell below 1.3235 with 1.3150 and 1.3115 as Take Profit targets. Alternative scenario - if the level of 1.3235 is broken-out, you should consider buying with the targets 1.3255 and 1.3280 as Take Profit.
AUD/USD - short positions below 0.7295 with 0.7235 and 0.7205 targets as Take Profit. Alternative scenario - if the level of 0.7295 is broken-out, buy with the targets 0.7320 and 0.7340 as Take Profit.