NZDCHF D1New Zealand Dollar/Swiss FrancFX:NZDCHFWinlouh1️⃣ Higher Timeframe Context 🔹 Previous Trend Strong sustained downtrend (lower highs & lower lows) Descending trendline respected for months Clear bearish breakout during mid-2025 Recently: Price swept below 0.4515 zone Strong rejection from descending channel support Now forming higher lows short-term This suggests early accumulation phase, not confirmed full reversal yet. 2️⃣ Structure Shift Signals Observations: ✔ Break above internal descending structure ✔ Higher low formed above 0.4515 ✔ Bearish momentum fading ✔ Compression under resistance We have a minor Change of Character, but no higher high on D1 yet. 3️⃣ Key Levels 🔵 Support Zones 0.4560 (internal support) 0.4515 (major liquidity sweep low) As long as price holds above 0.4515 → accumulation bias intact. 🔴 Resistance Zones 0.4700 0.4800 (0.618 retracement of macro leg) 0.4900 0.4975 (0.9 retracement / major supply) 4️⃣ Fibonacci Context (Major Down Leg) From 0.50 → 0.445: 0.618 retracement ≈ 0.48 0.786 ≈ 0.488 0.9 ≈ 0.497 If reversal confirms, upside expansion toward 0.49–0.50 is structurally logical. 5️⃣ Probable Scenarios 🟢 Bullish Reversal Development (Higher Probability Currently) Path: 0.462 → 0.470 → 0.480 Break 0.480 → acceleration toward 0.49–0.50 Would confirm full trend shift.