Source: PaxForex Premium Analytics Portal, Technical Insight

As the head of Swiss Central Bank T. Jordan said:

• Last year we had to intervene aggressively in the foreign exchange market to reduce the strong pressure on the franc exchange rate;
• It is important to absorb this pressure to prevent the franc from strengthening too much;
• The franc is a defensive asset and an indicator of the level of global uncertainty;
• Last year, the Swiss economy showed better-than-expected resilience;
• At the end of 2020, the country's GDP is likely to have contracted by about 3%;
• The outlook for the economy remains uncertain and the situation is fragile;
• Fiscal and monetary policy must remain expansionary.

USD/CHF, 30 min

Pivot: 0.9049

Analysis:

Provided that the currency pair is traded below 0.9065, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.9049
• Take Profit 1: 0.9025
• Take Profit 2: 0.9010

Alternative scenario: 

In case of breakout of the level 0.9065, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.9065
• Take Profit 1: 0.9080
• Take Profit 2: 0.9095

Comment:

RSI shows the possibility of descending momentum. 

Key levels:

USD/CHF, D1

Pivot: 0.9066

Analysis:

While the price is above 0.8830, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.9066
• Take Profit 1: 0.9185
• Take Profit 2: 0.9300

Alternative scenario:

If the level 0.8830 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 0.8830
• Take Profit 1: 0.8750
• Take Profit 2: 0.8640

Comment:

RSI shows the development of an uptrend 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 1.2185 with 1.2110 and 1.2090 targets as Take Profit. Alternative scenario - if the level 1.2185 is broken-out, buy with the TP 1.2200 and 1.2220. 
GBP/USD – sell below 1.4050 with 1.3950 and 1.3900 as Take Profit targets. Alternative scenario - if the level of 1.4050 is broken-out you should consider buying with the targets 1.4080 and 1.4120 as Take Profit.
AUD/USD - short positions below 0.7890 with 0.7805 and 0.7790 targets as Take Profit. Alternative scenario - if the level of 0.7890 is broken-out, buy with the targets 0.7910 and 0.7935 as Take Profit.