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

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.

CAD/CHF DAILY CHART

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.