Following are expected trading ranges and outlook for USD/CHF today:

USD/CHF - to consolidate after hitting 10-week low of 0.9085 yesterday. Undermined by broadly weaker demand for safe-haven USD as risk sentiment improves on upbeat U.S. data and positive Greek news-flow. But USD/CHF downside limited by expectations of Swiss National Bank's CHF-selling intervention; positions adjustment before weekend.

Data focus: 0815 GMT Swiss January CPI. Daily chart still negative-biased as 5- & 15-day moving averages falling; MACD bearish, while stochastics stay suppressed at oversold.

Support at 0.9085 (yesterday's low), then at 0.9061 (Nov. 30 low)' breach would expose downside to psychological 0.9000 line, then 0.8950 (Nov. 11 low).

Resistance at 0.9151 (yesterday's high), then at 0.9229 (Tuesday's high); breach would target 0.9263 (Monday's high), then 0.9339 (Jan. 25 high), 0.9388 (Jan. 23 high), 0.9412 (Jan. 19 high) and 0.9496 (Jan. 18 high).