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2015.03.0303:41:00UTC+00Swiss Franc Extends Fall Against Majors

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

The Swiss franc fell to more than 1-1/2-month lows of 0.9612 against the U.S. dollar and 1.4774 against the pound, from early highs of 0.9553 and 1.4690, respectively.

Against the yen, the franc dropped to nearly a 2-week low of 124.56, from an early high of 125.53.

Pulling away from an early high of 1.0674 against the euro, the Swiss franc depreciated to 5-day low of 1.0756.

If the Swiss franc extends its downtrend, it is likely to find support around 1.03 against the greenback, 1.56 against the pound, 113.10 against the yen and 1.21 against the euro.

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