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Daily outlook for NZD/USD

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).

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