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Daily outlook for NZD/USD

Thursday, July 2, 2015 8:14 PM UTC

Westpac Research notes:

NZD/USD 1 day: The multi-month downtrend remains intact, with no major obstacles ahead of 0.6560. The Greek vote will set direction on Monday, a "no" vote probably resulting in a selloff.

NZD/USD 1-3 month: Our next major target is 0.6560 which was a major low in May 2010. The two main factors expected to contribute to NZD/USD weakness during the next few months are RBNZ easing (the OCR falling to 2.75% or lower) and Fed tightening (FF mid-point to rise by 25bp in September).

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Daily outlook for NZD/USD

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