FXstreet.com (Barcelona) - USD/CHF: The Dollar dropped like a stone against the Swiss giving away more then 500 pips from 1.1835 to a day low at 1.1370 after the Fed released its quantitative easing plan, widely reversing gains posted after SNB intervention. At the moment the pair moves below 1.1400.

Next support level comes at 1.1355 (61.8% Fib retracement level of the Dec-March rally), and below there Jan 27 low at 1.3007, then 1.1284 (Jan 6 high) and below here the pair could drop towards 1.1255 (Jan 13 high).

On the upside, corrective move could drive the pair towards 1.1456 intra-day high and above here 1.1490 (12 Mar low) and 1.1535 before testing 1.1600.