Daily outlook for AUD/NZD

Westpac Research notes:

AUD/NZD 1 day: After a steep gain Friday, the pair should consolidate with the 1.07 handle. 

AUD/NZD 1-3 month: The RBA will probably remain on hold (albeit with easing risk), while the RBNZ has a conditional easing bias. Expected RBA vs RBNZ direction thus favours AUD/NZD over the medium term, such that 1.1000+ is expected by September. Shorter term, a corrective decline should occur if the RBNZ disappoints those betting on an 11 June OCR cut. 
AU swap yields 1 day: Yields should stay heavy in the ongoing wake of the dismal CAPEX data, though the busy data calendar this week should be mixed rather than dramatically negative.