Reversing direction, the Swiss franc climbed against most major counterparts in early European trading on Wednesday.

The franc advanced to a 2-day high of 0.9918 against the greenback, off its early low of 0.9958.

The franc was trading higher at 105.05 against the Japanese yen and 1.2098 against the pound, up from previous lows of 104.62 and 1.2119, respectively.

If the franc extends gain, it may find resistance around 107.5 against the yen, 0.98 against the greenback and 1.196 against the pound.

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