The New Zealand Dollar and the Swiss France cross is a currency that offers an alternative risk play. The New Zealand Dollar is known as a risk-correlated currency because of the mix of high interest rates and exposure to global economic performance. The Swiss Franc is known as a safe haven currency because liquidity tends to move away from the Euro-zone and into Switzerland during times of economic uncertainty. However, the Franc sometimes moves in tandem with the Euro because the SNB established a floor in the EUR/CHF exchange rate at 1.20.
EURUSD has posted a noteworthy technical progression with clearing resistance not long after pushing a 16-month low. Yet, in filtering virtue from vice in general market conditions, NZDCHF may be a far superior pair.