USD/CHF breaks below 1.0060 and falls to 5-day lows

The Swiss franc gained momentum during the last hours and printed fresh highs in the market. It is among the top performers of the day. 

USD/CHF is falling for the third day in a row as it continues to decline after testing on Monday a downtrend line coming from December highs. Price respected the mentioned figure and pulled back. 

Recently the pair broke below 1.0050/60 and fell to 1.0040, reaching the lowest level since Friday. It trades at 1.0045/47, holding a bearish tone in the market. The greenback needs to rise above 1.0080 in order to gain support. 

The appreciation of the Swiss franc sent the EUR/CHF to 1-month lows. The pair just reached 1.0664, the lowest since March 3. Against the pound, it is rising marginally. 

USD/CHF Technical levels 

To the upside, resistance levels could be located at 1.0065 (Apr 6 high), 1.0080 (daily high) and 1.0105 (Apr 10 high). On the flip side, support might lie at 1.0040 (daily low), 1.0025 (Apr 6 & 7 low) and 0.9990 (Mar 20 high).