FX.co ★ USD/CHF :Support Around 0.926

Overview:
USD/CHF--to consolidate with bullish bias after hitting four-week high of 0.9333 Thursday. Underpinned by positive USD sentiment. But USD/CHF gains tempered by CHF demand on softer EUR/CHF cross; flows to safe-haven CHF amid increased risk aversion; positions adjustment ahead of weekend. Daily chart positive-biased as MACD & stochastics bullish, although latter at overbought; five-day moving average above 15-day MA and rising.
Preference:
Buy above 0.926 with targets at 0.933 and 0.9375 in extension.
Resistance Levels:
R1 - 0.9333 (Thursday's high)
R2 - 0.9375
R3 - 0.9431 (200-day moving average).
Alternative scenario:
Below 0.926 look for further downside with 0.9235 and 0.9215 as targets.
Support Levels:
S1 - 0.9235
S2 - 0.9215
S3 - 0.9185 (Wednesday's low)
Technical Comment:
the RSI has just broken above a declining trend line.