Fundamental overview:

USD/CHF is expected to consolidate with a bullish bias after hitting a four-week high 0.9663 on Friday. It is underpinned by the positive USD sentiment (ICE spot dollar index last 86.91 versus 86.16 early Friday) as a jump in U.S. October ISM-Chicago PMI to one-year high of 66.2 in October from 60.5 in September and higher final University of Michigan October consumer sentiment index of 86.9 versus preliminary reading of 86.4 overshadowed a surprise 0.2% on-month drop in U.S. September personal spending (versus forecast +0.1%), higher U.S. Treasury yields (10-year at 2.335% versus 2.305% late Thursday) and dovish Swiss National Bank's monetary policy and contagion from weak EUR on CHF. But USD/CHF gains are tempered by the franc demand on buoyant CHF/JPY cross.

Technical comments:
Daily chart is positive-biased as stochastics is in bullish mode, MACD is turning bullish.

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 0.9695 and the second target at 0.9750. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.9575. A break of this target would push the pair further downwards and one may expect the second target at 0.9535. The pivot point is at 0.9600.

Resistance levels:
0.9695
0.9750
0.98
Support levels:
0.9575
0.9535
0.95