DAILY CHART: From a longer term perspective this level is compelling. The pair has suffered ~12% losses from its peak, that is a fierce USD rally in anticipation to what we’ve seen from the FED. Typically, markets move (prices lead) and fundamentals then catch up. At this level, any change in rhetoric, or any soft pivot form the FED will send currencies like the NZD soaring. Not a bad bet, considering the levels on the chart.