Source: PaxForex Premium Analytics Portal, Technical Insight

In 2020, experts believe that Switzerland's GDP will fall by 3.8 percent, compared to 6.2 percent previously. Further fluctuations are also expected in the labor market - the average unemployment rate in 2020 is likely to be 3.2 percent, with the old forecast of 3.8 percent.

USD/CHF, 30 min

Pivot: 0.9151

Analysis:

Provided that the currency pair is traded above 0.9125, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.9151
• Take Profit 1: 0.9180
• Take Profit 2: 0.9195

Alternative scenario: 

In case of breakdown of the level 0.9125, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.9125
• Take Profit 1: 0.9110
• Take Profit 2: 0.9090

Comment:

RSI shows the possibility of an ascending momentum. 

Key levels:

USD/CHF, D1

Pivot: 0.9107

Analysis:

While the price is below 0.9295, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 0.9107
• Take Profit 1: 0.9000
• Take Profit 2: 0.8890

Alternative scenario:

If the level 0.9295 is broken-out, follow the recommendations below.

• Time frame: D1
• Recommendation: long position
• Entry point: 0.9295
• Take Profit 1: 0.9390
• Take Profit 2: 0.9535

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 1.1760 with 1.1715 and 1.1700 targets as Take Profit. Alternative scenario - if the level 1.1760 is broken-out, buy with the TP 1.1780 and 1.1800. 
GBP/USD – sell below 1.2965 with 1.2865 and 1.2845 as Take Profit targets. Alternative scenario - if the level of 1.2965 is broken-down, you should consider buying with the targets 1.2995 and 1.3020 as Take Profit.
AUD/USD - short positions below 0.7180 with 0.7135 and 0.7120 targets as Take Profit. Alternative scenario - if the level of 0.7180 is broken-out, buy with the targets 0.7200 and 0.7220 as Take Profit.