Daily outlook for AUD/NZD: Westpac

Quotes from Westpac Research:

- AUD/NZD 1 day: The the record low at 1.0332 is likely to remain vulnerable during the days ahead.

- AUD/NZD 1-3 month: A sustained break below 1.0350 would motivate the market to push it significantly lower. While there is arguably too much easing priced into the AUD, markets easily overshoot. That, combined with less appetite to short the NZD since the RBNZ's on-hold reaffirmation, makes trying to pick a bottom a risky affair.