The Swiss franc extended its early decline against the other major currencies in the early European session on Friday.

The Swiss franc fell to a 4-day low of 123.35 against the yen, from an early high of 123.85.

Pulling away from early highs of 1.4293 against the pound and 0.9623 against the U.S. dollar, the Swiss franc depreciated to 3-day lows of 1.4339 and 0.9664, respectively.

Against the euro, the Swiss franc edged down to 1.0506 from an early high of 1.0471.

If the Swiss franc extends its downtrend, it is likely to find support around 121.50 against the yen, 1.47 against the pound, 0.99 against the greenback and 1.07 against the euro.

The material has been provided by InstaForex Company –