Fundamental overview:
USD/CHF is expected to trade in a lower range. It is undermined by the weaker dollar sentiment(ICE spot dollar index last 91.78 versus 92.31 early Friday) as weaker-than-expected 0.17% on-year rise in U.S. December average hourly earnings (versus forecast +0.2%) pushed back expectations for a Federal Reserve rate rise this year, overshadowing stronger-than-expected 252,000 increase in U.S. non-farm payrolls (versus +240,000 forecast) and lower-than-expected U.S. unemployment rate of 5.6% (versus forecast 5.7%). But CHF sentiment is dented by the softer-than-expected Switzerland December CPI of -0.3% on-year (versus forecast -0.2%). USD/CHF losses are also tempered by the franc sales on soft CHF/JPY cross and ultra-loose Swiss National Bank's monetary policy.

Technical comment:
Daily chart is mixed as MACD is bullish, five and 15-day moving averages are advancing but stochastics turned bearish at overbought levels.

Trading recommendations:
The pair is trading below its pivot point. It is likely to trade in a lower range as far as it remains below the pivot point. Short positions are recommended with the first target at 1.0090. A break of this target will move the pair further downward to 1.0030. The pivot point stands at 1.0175. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, a long position is recommended with the first target at 1.0220 and the second target at 1.0250.

Resistance levels:
1.0220
1.0250
1.0275

Support levels:
1.0090
1.0030
0.9985