News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • $USD has been pretty strong over the past couple of weeks and to a lesser degree, so far in 2021 but we've only retraced about 23.6% of that massive sell-off that started last March $DXY
  • EUR/USD trades to a fresh yearly low (1.1857) as longer-dated US Treasury yields continue to push above pre-pandemic levels. Get your $EURUSD market update from @DavidJSong here:
  • USD/MXN has continued to rip in 2021, flying in the face of the bearish trend from 2020. Get your $USDMXN market update from @JStanleyFX here:
  • $USDMXN strong breakout from the falling wedges that had built coming into this year. Prices now finding resistance at 50% marker of the 2017-2020 major move whether looking for usd strength or weakness, there's attractive items on $USDMXN for either
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.37%, while traders in Germany 30 are at opposite extremes with 81.20%. See the summary chart below and full details and charts on DailyFX:
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Silver: -0.10% Gold: -1.18% Oil - US Crude: -1.45% View the performance of all markets via
  • Lord Frost accuses the EU of ‘ill will’ as Brexit row rumbles on. @bankofengland governor Andrew Bailey gives his latest thoughts on the economy. Get your market update from @nickcawley1 here:
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: -0.09% 🇬🇧GBP: -0.14% 🇦🇺AUD: -0.30% 🇨🇭CHF: -0.51% 🇳🇿NZD: -0.51% 🇪🇺EUR: -0.52% View the performance of all markets via
  • $WTI Crude Oil opened strongly today, rising to test the 68.00 level, its highest point since October of 2018. WTI then bounced off resistance at this level and is now trading lower, back near the 65.00 level. $OIL $USO
  • Equities continue to struggle as bond yields focus on Central Bank policy actions. DAX 30 finds support in the long-term ascending trendline. Get your #DAX market update from @HathornSabin here:
Swiss Franc Technical Analysis: NZD/CHF, CAD/CHF, AUD/CHF Setups to Watch

Swiss Franc Technical Analysis: NZD/CHF, CAD/CHF, AUD/CHF Setups to Watch

Thomas Westwater, Analyst


  • NZD/CHF bulls aim to break trendline resistance if 23.6% Fib level holds
  • CAD/CHF Symmetrical Triangle may give way to near term swings
  • AUD/CHF outlook leans to the upside, but breakdown still possible

NZD/CHF Technical Analysis

The Swiss Franc has made headway against the New Zealand Dollar so far in December. Since pivoting lower from trendline resistance earlier this month, NZD/CHF has fallen just over 3.5%. The 20-day Simple Moving Average gave way to the downside move, but the longer-term moving averages indicate the broader uptrend remains intact.

The 23.6% Fibonacci retracement level from the May-Dec major move at 0.6239 appears to be keeping downside NZD/CHF price action at bay. A move higher would likely aim for trendline resistance again before NZD bulls can progress further. However, a drop through the 23.6% Fib level may likely see the 0.6200 psychological level come into play before aiming lower.

NZD/CHF Daily Chart


Chart created with TradingView

How to Use IG Client Sentiment in Your Trading
How to Use IG Client Sentiment in Your Trading
Recommended by Thomas Westwater
Improve your trading with IG Client Sentiment Data
Get My Guide


A decisive moment approaches for CAD/CHF with prices constricting within a Symmetrical Triangle. The 50- and 200-day Simple Moving Averages recently surrendered to a downside push with prices now at the lower bound of the triangle. A break beneath support with confirmation would likely see follow-through to the downside, perhaps to the 61.8% or 78.6% Fib retracement levels. A bearish Death Cross would also likely form given the 50- and 200-day SMA’s proximity and posture.

That said, prices may very well revert higher if the current support holds which would also keep the triangle in play, and likely delay the formation of the aforementioned Death Cross. The 23.6% Fib level will likely serve as an upside target for CAD/CHF bulls. In any case, the range within the triangle is quickly decreasing, and a decisive break, lower or higher, can open the door to extending the prevailing trend.

CAD/CHF Daily Chart


Chart created with TradingView

AUD/CHF Technical Analysis

AUD/CHF recently probed its post-Covid crash 2020 highs. Prices quickly recovered from the earlier March lows and have since traded near June highs. The 23.6% Fibonacci retracement level underpinned prices during October’s move lower. AUD/CHF’s recent push to the upside failed to sustain prices above the June highs. However, the current 0.6700 psychological level appears to be offering a degree of support.

Following the recent price action, momentum appears to be calibrated for another test higher with the 50- and 200-day SMAs gyrating to the upside. The bullish case is far from certain with the MACD recently converging, and a bearish RSI divergence formed from the September to December highs.



Chart created with TradingView

Swiss Franc Trading Resources

--- Written by Thomas Westwater, Analyst for

To contact Thomas, use the comments section below or @FxWestwater on Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.