The Swiss franc fell further against the other major currencies in the European session on Tuesday.
The Swiss franc fell to nearly a 6-week low of 1.4659 against the pound and a 3-week low of 1.0474 against the euro, from early highs of 1.4514 and 1.0378, respectively.
Against the U.S. dollar and the yen, the franc dropped to 5-day lows of 0.9597 and 123.96 from early highs of 0.9534 and 124.86, respectively.
If the franc extends its downtrend, it is likely to find support around 1.50 against the pound, 1.08 against the euro, 0.99 against the greenback and 122.00 against the yen.
The material has been provided by InstaForex Company – www.instaforex.com