Fundamental overview:

USD/CHF is expected to trade in a higher range. It is supported by the positive USD sentiment (ICE spot dollar index last 85.75 versus 85.39 early Wednesday) as U.S. Treasury yields inched higher (10-year at 2.219% versus 2.208% late Tuesday) after U.S. September CPI rose 0.1% in line with expectations, calming fears about the spread of deflation, dovish Swiss National Bank's monetary policy and franc sales on soft CHF/JPY cross and contagion from weak EUR on CHF.

Technical comments:
Daily chart is mixed as MACD is bearish, but stochastics is rising from the oversold zone.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As long as the price is keeping above its pivot point, a long position is recommended with the first target at 0.9560 and the second target at 0.9590. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.9465. A break of this target would push the pair further downwards and one may expect the second target at 0.9435. The pivot point is at 0.9510.

Resistance levels:
0.9560
0.9590
0.9625

Support levels:
0.9465
0.9435
0.9390