NZDCHF: Bearish Now, But Is Smart Money Preparing the Reversal?
NZDCHF is currently trading around 0.4710, and my short-term view remains bearish. As long as price remains below 0.4750–0.4760, I see room for another bearish leg. A clean break below 0.4700 followed by a weak retest could expose 0.4665 and 0.4630, bringing price directly into the Weekly Demand Zone highlighted on my chart. The latest COT data shows a clear divergence between NZD and CHF positioning. NZD Non-Commercial traders are now net long +6.2K contracts, with an impressive +14.8K …



















