Erasing early decline, the Swiss franc gained against other major currencies in early European deals on Friday.
The franc is now trading at 1.2427 against the euro and 1.4716 against the pound, compared to early lows of 1.2451 and 1.4760, respectively. If the franc extends gain, next resistance is seen around 1.236 against the euro and 1.462 against the pound.
The franc recovered from early lows of 0.9686 against the greenback and 105.69 against the yen and edged up to 0.9655 and 106.19, respectively. On the upside, the franc may break 0.955 against the greenback and 107.00 against the yen.
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