Westpac Research notes:
AUD/NZD 1 day: After Friday's steep gain, we saw AUD weakness bring the range back below 1.0750 last night and 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.


FxWirePro: Daily Commodity Tracker - 21st March, 2022 



