The NZD/CHF currency pair, which expresses the value of the New Zealand dollar in terms of the Swiss franc, fell into the New Year. That followed an extremely supportive period through December, a month in which the New Zealand dollar rallied against most other currencies (most notably, the U.S. dollar). After year end, the rally immediately ceased. The NZD/CHF pair is now trading back down to the lows of its prevailing short-term trading range.
The chart below illustrates this trading range for the NZD/CHF pair, the lows being around 0.6200 and the highs being just