• NZD/USD 1 day: Broad US dollar strength persists, as does our negative bias for NZD/USD. We target 0.7175 during the days ahead. The RBNZ is a key event today, with headlines likely until this afternoon's Parliament appearance by Governor Wheeler.
  
  
• 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.