Reversing direction, the Swiss franc rose against the other major currencies in European deals on Wednesday.

The franc edged up to 1.4312 against the pound, 123.92 against the yen and a session’s high of 1.0419 against the euro, off early lows of 1.4444, 123.17 and 1.0457, respectively. The franc rose back to 0.9697 against the greenback, from a low of 0.9741 hit at 4:45 am ET.

The next possible resistance for the franc may be located around 1.425 against the pound, 124.5 against the yen, 1.025 against the euro and 0.95 against the greenback.

The material has been provided by InstaForex Company –