Fu Peng: Breaking the Ten-Year Range, Is a Turning Point Coming for NZD? [Fu Peng Says 28]

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Breaking the ten-year range: Is NZD approaching a turning point?

Observing the macro world at the trading desk, Fupeng comments on finance and economics. This episode was recorded on June 21, 2026.

In a few days, I’ll be heading back to New Zealand. So, I'd like to take this opportunity to discuss the exchange rates of AUD and NZD, otherwise known as the AUD/NZD cross rate.

Six or seven years ago, when AUD/NZD was around 1.05, I specifically produced an episode about this pair. Over the past forty years, the AUD/NZD cross rate has exhibited periodic fluctuations with distinct ranges: The upper limit is about 1.35 to 1.4, and the lower limit is roughly 1.05 to 1.1. When it touches the bottom or the top, these are usually good trading opportunities.