Daily outlook for NZD/USD: Westpac

Quotes from Westpac Research:

- NZD/USD 1 day: Yesterday's RBA surprise restores NZD to a slightly positive near-term footing. We target a break above 0.7575, but AU GDP will be a risk.

- NZD/USD 1-3 month:  Multi-month, we see further downside potential, the next major target being 0.7120. Low inflation and adversely affected agricultural production are local negatives. However, most important will be whether the US dollar extends its multi-year rally.