FXstreet.com (CÃ³rdoba) - The Swiss Franc rose on Thursday to the highest level of the year against the Dollar. USD/CHF fell to 1.0355 posting the lowest price in more than a year. Later the Dollar recovered but failed to regain the 1.0400 zone. The pair is falling for the fifth consecutive day accumulating a decline of more than 250 pips. The pair could close on Thursday below 1.0400 for the first time since July 28 of 2008.
On the upside resistance lies at 1.0400 and above at 1.0440. On the downside, support lies at intra-day low (1.0355) and below at 1.0310.