Source: PaxForex Premium Analytics Portal, Technical Insight

According to Reuters, Thomas Barkin, head of the Federal Reserve Bank of Richmond, said Thursday that mass vaccination against the coronavirus is unlikely to happen before this summer. "The results of the congressional races will likely allow more support for the least fortunate applicants, but still hold back more ambitious programs. There are still deflationary forces restraining prices. The second half of 2021 is expected to be robust in terms of business and consumer spending. The first half of the year is likely to be slow, with limited declines, given household savings and the transfer of power in the state

USD/CHF, 30 min

Pivot: 0.8909

Analysis:

Provided that the currency pair is traded below 0.8921, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.8909
• Take Profit 1: 0.8884
• Take Profit 2: 0.8877

Alternative scenario: 

In case of breakout of the level 0.8921, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.8921
• Take Profit 1: 0.8933
• Take Profit 2: 0.8940

Comment:

RSI shows the possibility of descending momentum.

Key levels:

USD/CHF, D1

Pivot: 0.8905

Analysis:

While the price is below 0.8980, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 0.8905
• Take Profit 1: 0.8830
• Take Profit 2: 0.8750

Alternative scenario:

If the level 0.8980 is broken-out, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.8980
• Take Profit 1: 0.9085
• Take Profit 2: 0.9185

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 - buy above 1.2045 with 1.2135 and 1.2155 targets as Take Profit. Alternative scenario - if the level 1.2045 is broken-down, sell with the TP 1.2013 and 1.1993. 
GBP/USD – buy above 1.3548 with 1.3658 and 1.3683 as Take Profit targets. Alternative scenario - if the level of 1.3548 is broken-down you should consider selling with the targets 1.3505 and 1.3480 as Take Profit.
AUD/USD - long positions above 0.7656 with 0.7726 and 0.7742 targets as Take Profit. Alternative scenario - if the level of 0.7656 is broken-down, sell with the targets 0.7629 and 0.7613 as Take Profit.