Fundamental overview:
USD/CHF is expected to trade in a higher range. It is supported by the positive dollar sentiment, the negative Swiss interest rates and the threat of the Swiss National Bank to carry out CHF-selling intervention. But Swissie sentiment is soothed by the higher-than-expected Switzerland March CPI of +0.3% on-month and of -0.9% on-year (versus forecast +0.2% on-month, -1.0% on-year).

Technical comment:
The daily chart is mixed as the MACD bearish, but stochastics is bullish at oversold levels.

Trading recommendations:
The pair is trading above its pivot point. It is likely to trade in a wider range as far as it remains above its pivot point. As long as the price keeps above its pivot point, long positions are recommended with the first target at 0.9755 and the second target at 0.9810. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.9595. A break of this target would push the pair further downwards, and one may expect the second target at 0.9550. The pivot point is at 0.9620.

Resistance levels:
0.9755
0.9810
0.9865

Support levels:
0.9595
0.9550
0.95