$NZDCHF: Bearish Bias for the Next 2 MonthsNZD/CHFOANDA:NZDCHFIvanLabrieNZDCHF has clear downside asymmetry heading into the next 5–10 weeks. Macro drivers: – RBNZ is under pressure with soft growth, weak sentiment, and an easing skew. – CHF remains supported by safe-haven flows amid global uncertainty and risk-off debt dynamics. Positioning & structure: – Price has broken down from fair value established in the last 6 weeks of ranging this week. – Seeking new fair value lower aligns with deteriorating relative strength vs CHF. – Market timing clusters suggest continuation over reversal in the near-term window. Expect continued downside over the next 1-2 months. Any mean reversion pops are opportunities to join the bearish trend in the weekly timeframe (see the red key level at 0.45582 as a prime short selling level for limit orders). Invalidation only on a clean surge above this week's high, otherwise, trend remains the path of least resistance. Best of luck! Cheers, Ivan Labrie.