Source: PaxForex Premium Analytics Portal, Technical Insight

Swissmedic, the Swiss drug regulatory agency, has begun pre-certification in the rolling submission format of a second Covid-19 vaccine, this time from the American pharmaceutical company Pfizer.

USD/CHF, 30 min

Pivot: 0.9074

Analysis:

Provided that the currency pair is traded above 0.9060, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.9074
• Take Profit 1: 0.9095
• Take Profit 2: 0.9110

Alternative scenario: 

In case of breakdown of the level 0.9060, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.9060
• Take Profit 1: 0.9045
• Take Profit 2: 0.9030

Comment:

RSI shows the possibility of an ascending momentum. 

Key levels:

USD/CHF, D1

Pivot: 0.9034

Analysis:

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

• Time frame: D1
• Recommendation: short position
• Entry point: 0.9034
• Take Profit 1: 0.9000
• 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: 0.9355

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 1.1830 with 1.1760 and 1.1740 targets as Take Profit. Alternative scenario - if the level 1.1830 is broken-out, buy with the TP 1.1850 and 1.1865. 
GBP/USD – sell below 1.3100 with 1.3010 and 1.2980 as Take Profit targets. Alternative scenario - if the level of 1.3100 is broken-down, you should consider buying with the targets 1.3125 and 1.3150 as Take Profit.
AUD/USD - short positions below 0.7140 with 0.7070 and 0.7045 targets as Take Profit. Alternative scenario - if the level of 0.7140 is broken-out, buy with the targets 0.7155 and 0.7170 as Take Profit.