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

USD/CHF - to consolidate with risks skewed lower. Undermined by CHF demand on soft EUR/CHF cross as euro-zone debt fears intensify, unwinding of CHF-funded carry trades amid heightened investor risk aversion.

Daily chart mixed as MACD bullish, but stochastics bearish; 5-day moving average staged bearish crossover against 15-day MA.

Support at 0.8331 (yesterday's low); breach would expose downside to 0.8303-0.8298 band (June 30 low-June 29 low), then 0.8276 (June 28 record low) and psychological round-numbered levels of 0.8200 and 0.8100.

Resistance at 0.8387 (yesterday's high); breach would expose upside to 0.8445 (hourly chart), then 0.8523 (Friday's high), 0.8551 (June 15 reaction high, matching 55-day moving average), 0.8807 (100-day moving average) and 0.8892 (May 24 high).