NZDCHF D1New Zealand Dollar/Swiss FrancFX:NZDCHFWinlouhNZD/CHF – D1 Technical Analysis Market Structure Long-term structure was bearish, forming a clear descending channel. Price has recently broken above the descending trendline, signaling a potential trend reversal or at least a medium-term bullish correction. The recent higher low suggests buyers are stepping in after a prolonged downtrend. Key Levels Support: 0.4560 – 0.4600 (key demand & breakout retest zone) Resistance / Targets: 0.4780 (0.618 Fib retracement) 0.4900 (0.786 Fib) 0.4970 – 0.5000 (major supply / range high) Price Action Strong rejection from the channel low followed by impulsive bullish structure. Break and retest behavior is developing — price is holding above former trendline support. Bullish continuation favored as long as price holds above 0.4560. Trading Scenarios 🔵 Bullish Scenario (Preferred) Buy on: Pullbacks into 0.456 – 0.460 Or continuation above 0.466 – 0.470 with bullish confirmation Targets: TP1: 0.478 TP2: 0.490 TP3: 0.497 – 0.500 Stop-loss: Below 0.452 🔴 Bearish Invalidation Daily close below 0.452 → Breakout failure, downside resumes toward 0.445 – 0.440 Overall Bias 📈 Short- to medium-term: Bullish ⚠️ Expect pullbacks — avoid chasing price after impulsive candles. If you want, I can: Refine H4/H1 entries Build a full risk-managed trade plan Align this setup with NZD & CHF fundamentals