Quotes from Westpac Research:- AUD/NZD 1 day: Expected to test 1.1090 support today, enroute to 1.1000.- AUD/NZD 1-3 month: Despite the corrective declines in September and October, it appears a multi-year reversal in the cross probably began in January at 1.0493. The RBNZ is probably on hold until at least September 2015, while the market has yet to start pricing in an RBA tightening cycle which should launch in August 2015. However, cyclical reversals are often messy affairs, and this one is so far proving no exception. It needs to break above the 1.1280-1.1310 area to confirm a larger rise above 1.16.
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