USD/CHF To Consolidate With Risks Skewed Lower

USD/CHF to consolidate with risks skewed lower. Pair undermined by stronger-than-expected 0.9% growth in Swiss 2Q GDP (vs +0.7% forecast), weaker USD sentiment (ICE spot dollar index last 82.405 vs Tuesday''''s 82.522 settlement). But USD/CHF downside limited by short-CHF carry trades on improved investor risk appetite, caution before U.S. jobs data, positions adjustment before weekend. Data focus: 0715 GMT Swiss August CPI. Daily chart mixed as MACD bearish, but stochastics bullish at oversold. Support at 1.0092 (yesterday''''s low), then at 1.0060 (Wednesday''''s low); breach would expose downside to parity, then 0.9958 (Dec. 3, 2009 low) and 0.9914 (Nov. 26, 2009 trough). Resistance at 1.0186 (yesterday''''s high, matching Wednesday''''s high); breach would expose upside to 1.0263 (Tuesday''''s high), then 1.0315 (Monday''''s high), 1.0328 (Aug. 25 high), 1.0452 (Aug. 24 high) and 1.0465 (Aug. 19 high).