I’d call it zombie NZD/CHF … the old carry-trade cross rose from the dead to be the biggest more this week, by a longshot.
NZD/CHF rose 2.2% on the week, or 1.7%.
In spite of the move, the pair remains well-within the range since August. I suspect it will continue to the upside but the trade is to go with a breakout of the range.
