Source: PaxForex Premium Analytics Portal, Technical Insight

U.S. authorities are willing to pay almost two billion dollars for 100 million doses of COVID-19 vaccine developed by Pfizer and BioNTech SE if the vaccine is safe and effective, Pfizer said Wednesday. Since the vaccine course is likely to consist of two doses, the amount purchased will suffice for 50 million people. The cost of one vaccination course is estimated at $39.

USD/CHF, 30 min

Pivot: 0.9280

Analysis:

Provided that the currency pair is traded below 0.9305, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.9280
• Take Profit 1: 0.9265
• Take Profit 2: 0.9250

Alternative scenario: 

In case of breakout of the level 0.9305, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.9305
• Take Profit 1: 0.9320
• Take Profit 2: 0.9335

Comment:

RSI shows the possibility of a descending momentum. 

Key levels:

USD/CHF, D1

Pivot: 0.9319

Analysis:

While the price is below 0.9530, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 0.9319
• Take Profit 1: 0.9255
• Take Profit 2: 0.9175

Alternative scenario:

If the level 0.9530 is broken-out, follow the recommendations below.

• Time frame: D1
• Recommendation: long position
• Entry point: 0.9530
• Take Profit 1: 0.9650
• Take Profit 2: 0.9770

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 intra-day trading:

USD/CAD - sell below 1.3430 with targets 1.3370, 1.3355 as Take Profit. Alternative scenario - if the level 1.3430 is broken-out, you should consider buying with the targets 1.3455 and 1.3480 as Take Profit.
GBP/USD - long positions above 1.2715 with 1.2770 and 1.2800 targets as Take Profit. Alternative scenario - if the level of 1.2715 is broken-down, sell with the targets 1.2690 and 1.2670 as Take Profit.
AUD/USD - buy above 0.7125 with 0.7180 and 0.7200 targets as Take Profit. Alternative scenario - if the level of 0.7125 is broken-down, sell with the TP 0.7110 and 0.7090.