NZDCHF: rebound after downtrend with Fibonacci targetsNew Zealand Dollar/Swiss FrancFX:NZDCHFInvestWorld_777NZDCHF has found support after a prolonged decline and broke through the local descending trendline. The price is now holding above the 0.4650–0.4660 area, aligning with key Fibonacci retracement levels, which strengthens the bullish outlook. Technically, if the pair stays above 0.4650, a retest could follow before the next push toward 0.4674 and 0.4706, which aligns with the 1.618 Fibonacci extension. Some consolidation around 0.4660–0.4670 is possible before continuation higher. From a fundamental view, the New Zealand dollar benefits from commodity price resilience and Asian market optimism, while the Swiss franc remains a safe haven. As global risk appetite improves, investors tend to rotate into higher-yielding currencies, supporting NZD. This is a classic reversal setup: a base after oversold conditions, with confirmation needed before further entries. As always, wait for signals and avoid emotional trading.