Overview:
USD/CHF--to range-trade. Undermined by CHF demand on soft EUR/CHF cross. But USD/CHF downside limited by CHF-funded carry trades amid increased risk appetite. Daily chart still positive-biased as MACD & stochastics bullish, although latter at overbought; five-day moving average above 15-day MA and rising.  
Recommendation:
Short positions below 0.933 with targets at 0.925 and 0.9215 in extension. 
Support Levels:
S1 - 0.925
S2 - 0.9215
S3 - 0.9185 (Wednesday's low)  
Alternative scenario:
Buy above 0.933. Above 0.933 look for further upside with 0.935 and 0.9385 as targets.
Resistance Levels:
R1 - 0.9354 (Jan. 21 high)
R2 - 0.9389 (Jan. 18 reaction high)
R3 - 0.9431 (200-day moving average). 
Technical Comment:
The pair has broken below its support and should face further weakness, the RSI is badly directed but is also oversold.