FX.co ★ USD/CHF Intraday: Under Pressure

Overview:
USD/CHF is trading in lower range. The rate is undermined by broadly weaker demand for safe-haven USD as risk appetite improves.
Preference:
Sell below 0.9345 with targets 0.9285 and 0.9255.
Support Levels:
S1 - 0.9286 (Thursday's low)
S2 - 0.9255 (Oct. 23 low)
S3 - 0.9244-0.9234 band (Oct. 22 low-Oct. 19 low)
Alternative scenario:
In case market moves upward, buy above 0.934. The upside breakout of 0.9345 will open the way to 0.9365 and 0.9385.
Resistance Levels:
R1 - 0.9365
R2 - 0.9381-0.9386 (Monday's high-Friday's high)
R3 - 0.9418 (Oct. 11 high)
Technical Comment:
The pair stands below its resistance and remains under pressure. Daily chart is mixed as MACD is bullish, but stochastics is turning bearish.