Westpac Research notes:
AUD/NZD 1 day: Finding the 1.1120 level tough to breach.
AUD/NZD 1-3 month: The RBA will probably remain on hold (albeit with easing risk), while the RBNZ is currently in easing mode. Expected RBA vs RBNZ direction thus favours AUD/NZD over the medium term, such that 1.1300 is feasible.