USD/CHF plunges as Swiss franc hits 14-year high against dollar

USD/CHF collapsed to fresh 14-year lows as the Swiss franc's safe-haven appeal intensified amid global uncertainty. The pair has declined approximately 1.2% over recent sessions, with the franc benefiting from its traditional role as a defensive currency during periods of market stress. The Swiss National Bank's relatively hawkish stance compared to other major central banks has further supported CHF strength, maintaining positive real interest rates while others ease policy. Technical analysis reveals USD/CHF breaking below multiple support levels, with the pair now trading near 0.8950 and targeting the 0.8900 psychological level. The 14-year low represents a significant technical development that could attract further selling pressure. Immediate resistance now sits at 0.9000, while a break below 0.8900 could accelerate losses toward 0.8850. The persistent strength in the franc suggests continued safe-haven demand despite relatively calm broader market conditions.