NZD/CHF — Supply Zone Rejection + Bearish Continuation | TargetiNew Zealand Dollar vs Swiss FrancICMARKETS:NZDCHFthefxmbrandNZD/CHF broke down cleanly from a multi-week consolidation range (0.4560–0.4657) in mid-May. Price has since rallied back up to retest the broken range floor — now flipped to resistance — at 0.46137–0.46316, which aligns precisely with the $$$ liquidity cluster on the chart. Rejection from this zone is confirmed and the bearish continuation is active. Entry: 0.46137–0.46316 — prior support → supply zone ($$$ cluster) Stop Loss: 0.46574 — above supply high / range ceiling TP1: 0.45879 — macro dotted support (multi-week horizontal) TP2: 0.45570–0.45600 — demand zone TP3: 0.45000 — psychological round number / macro extension Risk/Reward: ~3.2R to TP2 | extends to ~5R+ at TP3 Confluences: Prior range floor cleanly broken with conviction, now acting as supply $$$ institutional sell cluster aligns perfectly with retest zone NZD broadly weak across all pairs (NZDUSD, EURNZD all red) Clean measured move targets below — TP1, TP2, TP3 all structurally defined Supply zone high at 0.4657 provides a tight, logical stop Trade management: 50% off at TP1, stop to breakeven, trail into TP2 and TP3. Invalidation: 4H close above 0.46574 = range reclaimed, flip to neutral/long bias.