nzdchf update NZD/CHFOANDA:NZDCHFMtICHIRetail positioning is extremely crowded: Metavulus data shows 92% of retail traders are long NZD/CHF, which from a contrarian perspective is itself a warning signal of "crowded longs". Technical patterns are mostly short-term: The Double Bottom is on the M30 timeframe; at the daily level, no higher low or effective breakout of key resistance has been seen. First look at whether the 0.4603 can be effectively broken and held; above that, 0.4650–0.4700 is a denser resistance zone In summary, the current bullish evidence is mainly "oversold rebound expectation + medium-term valuation support