FX.co ★ malamalik | NZD/CHF

The NZD/CHF pair is showing encouraging signs for buyers, especially when looking at the daily chart. At the moment, the price is trading above the Ichimoku Cloud, which is generally considered a bullish signal. This tells me that buyers are currently in control and that the short-term trend still favors further gains. While the market may experience temporary pullbacks along the way, the overall technical picture on the daily timeframe remains positive. What makes this setup a little more interesting is that the bigger timeframes are sending mixed signals. On the weekly chart, the trend is still unclear. Price has not fully committed to either the bullish or bearish side, which means traders should be prepared for periods of slower movement or consolidation. Even so, the lack of a strong bearish signal on the weekly timeframe gives the current uptrend enough room to continue if buying pressure remains steady. The monthly chart tells a different story. It still reflects a longer-term bearish trend that has been in place for quite some time. Normally, trading against a major trend requires extra caution because larger market forces can eventually pull prices back in the original direction. However, markets do not move in straight lines forever. Even within a long-term downtrend, strong recovery phases can develop, and sometimes those recoveries become the beginning of a much larger trend reversal. For now, I believe the bullish momentum deserves more attention than the longer-term bearish structure. The daily chart is providing the clearest signal, and until that changes, I prefer to stay focused on the upside. The next important level I am watching is around 0.4757. If buyers manage to push the price toward that resistance and break above it, the market could continue climbing to even higher levels.

I cannot say with confidence how far this rally might extend because market sentiment can change quickly. Economic data, central bank decisions, or unexpected global events could easily influence the direction of the pair. That is why I prefer to follow the price action instead of trying to predict an exact top. As long as buyers continue defending key support areas and momentum stays positive, I see no strong reason to abandon the bullish outlook. Overall, my view remains constructive. The daily trend is clearly pointing higher, the weekly chart is neutral rather than bearish, and the recent price behavior suggests that the long-term downtrend may be losing strength. While it is still too early to confirm that the global bearish trend has completely ended, the current rally is convincing enough to keep me optimistic. If momentum continues to build, NZD/CHF could gradually establish a stronger bullish structure over the coming sessions.