The Swiss franc weakened against the other major currencies in the early European session on Tuesday.

The Swiss franc fell to an 8-day low of 0.9737 against the U.S. dollar, from an early high of 0.6955.

Against the pound and the yen, the franc dropped to 4-day lows of 1.4389 and 123.42 from early highs of 1.4296 and 124.35, respectively.

Pulling away from an early high of 1.0453 against the euro, the franc edged down to 1.0453.

If the Swiss franc extends its downtrend, it is likely to find support around 0.99 against the greenback, 1.46 against the pound, 122.50 against the yen and 1.08 against the euro.

The material has been provided by InstaForex Company –