NZD/CHF Historical Replay: 2005-11 to 2006-05
Replay the 2005–2006 NZD/CHF collapse as the pair fell 16.7% over 130 days. You will walk through 23 decision points, including 8 critical ones, with an AI coach reviewing every choice in simulated capital only.
130 daily bars · 23 decision points · 2005-11 to 2006-05 · Forex
Key facts
This window spans 180 days with a peak-to-trough drawdown of 20.0% and a 4.1% run-up.
- Max drawdown
- −20.0%
- Max run-up
- +4.1%
- Duration
- 180 days
- Largest single-day move
- +1.9%
- Bars
- 130 Daily bars
- Decision points
- 23
Every figure above is computed programmatically from this replay’s own candle series — no editorial input, no LLM. Methodology: Methodology
The market advances day by day. You only see candles up to the current day — as if you were really there.
At key decision points choose Buy / Trim / Exit / Hold. Each decision advances the timeline by one day.
After settlement you get a six-dimension score and an AI coach review. Your result enters the scenario leaderboard.
Event Replay
What happened — and what it teaches
In late 2005, the New Zealand dollar versus the Swiss franc represented a classic G10 carry trade pairing. The period from November 2005 to May 2006 unfolded across 130 daily bars, placing traders inside one of the decade's most instructive currency drawdowns. At stake was not merely directional conviction but the discipline to manage risk when momentum turns violently against leveraged positions.
The pair fell 16.7% from 0.9069 to 0.7553, a decline punctuated by a maximum drawdown of 20.0%. What made this move pedagogically valuable was its structure: the largest single-bar move measured only 1.9%, yet the cumulative erosion proved devastating. Across 23 decision points—8 deemed critical—traders were forced to confront the gap between expecting a rebound and respecting price reality.
This replay cultivates three essential competencies. First, it trains position sizing: a 1.9% daily move seems modest, but repeated exposure compounds losses when stops are absent. Second, it pressures the confirmation bias that convinces traders a falling currency must recover. Third, it reveals how drawdown thresholds, once breached, demand recalibration of both risk tolerance and conviction. The 2000s carry trade era offers no better laboratory for these lessons than this 130-dayNZD/CHF collapse.
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