FX.co ★ USD/CHF: Intraday Support Around 0.9305

Overview:
USD/CHF is trading in lower range. The rate is undermined by broadly weaker demand for safe-haven USD amid lower risk aversion.
Preference:
As USDCHF is trading in lower ranges, short position is recommended. The downside penetration of 0.9305 will call for a slide towards 0.9285 and 0.9827.
Support Level:
S1 - 0.9285
S2 - 0.9827
S3 - 0.9191 (May 8 low)
Alternative scenario:
In case 0.9305 proves to be strong support, then buy above 0.9305 with 0.936 and 0.9375 in sight.
Resistance Levels:
R1 - 0.9361 (Wednesday's high)
R2 - 0.9371 (Oct. 15 high)
R3 - 0.9418 (Oct. 11 high)
Technical Comment:
Daily chart is mixed as MACD and stochastics are bullish; but bearish Doji Shooting Star candlestick pattern completed on Wednesday.