After rising to a 2-month high 0.9334 in the middle of March, pair USD/CHF fell under pressure touching in the morning a 5-week low 0.9002. The pair therefore dropped below 50% Fibonacci fan trend line built for the growth wave August 2011 – January 2012. The nearest support level is settled at 0.8926, while daily close below the level could open way toward 0.8755. Technical indicators are currently reflecting the ongoing decline also supported by the drop of 20-day moving average curve below 144-day moving average curve. The nearest resistance levels on the other hand can be settled at 0.9080 and 0.9205.