Westpac Research notes:
AUD/NZD 1 day: Expecting an 1.1150-1,1220 range today.
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. 1.1300 is now in sight, 1.1580 the next major target beyond that.






