USD/CHF is most-often a mirror image of EUR/USD because of the Swiss National Bank’s peg. The pair is the best performer today as jitters in the Ukraine and emerging markets weigh on EUR/CHF.
USD/CHF fell as low as 0.8735 today, the lowest since October 2011. The pair has declined for six consecutive weeks and is trading well-below all the major moving averages. Support is light at least until the late-2011 low of 0.8568.
USDCHF weekly
