Quotes from Westpac Research:
- NZD/USD 1 day: Remains on a positive near-term footing, targeting a break above 0.7613.
- 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.