Like other “risk” assets, the Latest Zealand dollar lost pips to its refuge counterparts as optimism over lower rates of interest became concerns that a high rate of interest environment has led to recessionary conditions within the U.S. and other major economies.

The Swiss franc, particularly, found extra support from an anti-USD sentiment from the previous days.

NZD/CHF has fallen to recent multi-decade lows near .4950 but has pulled back as much as the .5100 psychological handle.

Are we a pullback opportunity within the making?

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