Westpac Research notes:
NZD/USD 1 day: Still consolidating at a multi-year low between 0.6940 and 0.7930.
NZD/USD 1-3 month: Multi-month, we expect the US dollar uptrend to resume with stronger US data in Q2 and Q3 and therefore expect NZD/USD to fall, the next major target 0.6800 (July 2010 low) and after that, 0.6560 (May 2010 low).