Source: PaxForex Premium Analytics Portal, Technical Insight

The program of the federal referendum on September 27, 2020, was quite extensive in Switzerland. On the voting agenda only at the federal level are five bills: on relations with the EU, on amendments to the law "On Hunting", on the introduction of paid maternity leave for fathers, on reducing the tax burden on families with children, on the allocation of credit for the purchase of a new generation of fighters for the needs of the national air force.

USD/CHF, 30 min

Pivot: 0.9126

Analysis:

Provided that the currency pair is traded above 0.9105, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.9126
• Take Profit 1: 0.9150
• Take Profit 2: 0.9165

Alternative scenario: 

In case of breakdown of the level 0.9105, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.9105
• Take Profit 1: 0.9085
• Take Profit 2: 0.9065

Comment:

RSI shows the possibility of an ascending momentum. 

Key levels:

USD/CHF, D1

Pivot: 0.9060

Analysis:

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

• Time frame: D1
• Recommendation: short position
• Entry point: 0.9060
• 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 1.1795 with 1.1730 and 1.1705 targets as Take Profit. Alternative scenario - if the level 1.1795 is broken-out, buy with the TP 1.1820 and 1.1840. 
GBP/USD – sell below 1.2950 with 1.2875 and 1.2840 as Take Profit targets. Alternative scenario - if the level of 1.2950 is broken-out, you should consider buying with the targets 1.2975 and 1.3005 as Take Profit.
AUD/USD - short positions below 0.7290 with 0.7250 and 0.7230 targets as Take Profit. Alternative scenario - if the level of 0.7290 is broken-out, buy with the targets 0.7310 and 0.7340 as Take Profit.