NZD/CHF Price Analysis: Bullish Reversal Targets 0.48187, 0.48933, and 0.49709
Muhammad Faraz 
NZDCHF Price Analysis Bullish Reversal Targets 0.48187, 0.48933, and 0.49709
The New Zealand Dollar (NZD) against the Swiss Franc (CHF) has recently shown signs of a bullish reversal on the 4-hour chart, with price action rebounding strongly from a key support zone near 0.47200. Traders are closely watching this move as it sets up potential upside targets at 0.48187, 0.48933, and 0.49709.
Current Market Structure
The NZD/CHF pair has been consolidating within a wide range for the past few weeks, facing repeated rejections at the mid-range resistance levels while finding support around the 0.47200 – 0.47500 zone. The recent bullish candle and follow-up price action indicate a potential shift in market sentiment, favoring buyers.
Key highlights:
- Support Zone: 0.47200 – 0.47500
- Immediate Resistance: 0.48187
- Major Resistance Levels Ahead: 0.48933 and 0.49709
- Current Price: 0.47771 (as of analysis time)
Technical Outlook
1. Bullish Momentum Building
The rebound from the support area suggests increased buying interest, supported by higher volume spikes around the lows. This indicates that buyers are stepping in aggressively at this level, preventing further downside.
2. Upside Targets
If the bullish momentum continues, the pair is likely to face resistance at 0.48187 first. A successful breakout above this level may propel the price towards 0.48933 and eventually 0.49709, which aligns with a major supply zone and previous swing highs.
3. Support Levels to Watch
Should the bullish momentum weaken, immediate support remains at 0.47500 and deeper support at 0.47200. A break below these levels could invalidate the bullish scenario and reintroduce selling pressure.
Volume and Trend Confirmation
The chart also highlights a noticeable increase in trading volume during the recent rebound, which often signals the start of a new trend phase. However, traders should wait for confirmation through higher highs and sustained closes above 0.48187 for stronger bullish conviction.
Key Levels Summary
- Immediate Support: 0.47500 – 0.47200
- Immediate Resistance: 0.48187
- Next Bullish Targets: 0.48933 and 0.49709
Trading Outlook
The NZD/CHF pair shows promising signs of a bullish move, but confirmation above 0.48187 is crucial before anticipating further upside towards 0.48933 and 0.49709. Traders may look for buying opportunities on pullbacks, keeping stops below 0.47200 to manage risk effectively.
Conclusion
NZD/CHF is entering a potentially bullish phase with upside targets clearly defined. A break and hold above 0.48187 will likely fuel momentum toward higher resistance zones. However, caution is advised around the key support areas as any bearish break could shift the outlook quickly.
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