By CountingPips.com
The US dollar has been on a sharp and fast decline against the Switzerland franc this week after reaching a short-term swing top on February 11th at 0.9774.
The USD/CHF pair has closed lower all week on the daily charts and has fallen today to trading under the 0.9500 level. The pair has dropped from the week’s opening rate at 0.9729 for an almost 300 pip decline overall on the week.
A further slide lower would likely test support around the 0.9400 level with this month’s low under that at 0.9336 and then the December low point sitting all the way down at 0.9299.
USD/CHF Daily Chart
