FX.co ★ USD/CHF: Under pressure

Overview:
USD/CHF is consolidating with bearish bias after hitting near-nine-month low of 0.9073 on Thursday, as markets are waiting for U.S. Non-farm payrolls report. USD/CHF is undermined by weaker USD sentiment; spillover from EUR strength on CHF. But USD/CHF losses tempered by positions adjustment before weekend. Daily chart is negative-biased as MACD and stochastic are bearish; five-day moving average is below 15-day MA and falling.
Preference:
Sell below 0.914 with targets at 0.907 and 0.904.
Support levels:
S1 - 0.9073 (Thursday's low)
S2 - 0.9039 (May 1 low)
S3 - 0.8998 (April 2 low)
Alternative scenario:
Buy above 0.914. The upside breakout of 0.914 will open the way to 0.917 and 0.919.
Resistance levels:
R1 - 0.917
R2 - 0.919
R3 - 0.9234 (Wednesday's high)
Technical comment:
The pair stands below its new resistance and remains under pressure, the RSI is turning down.