Quotes from Westpac Research:- AUD/NZD 1 day: Higher towards 1.1250.- AUD/NZD 1-3 month: Despite the corrective decline this month, it appears a multi-year reversal in the cross probably began in January at 1.0493. The RBNZ is on hold until mid-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. Above 1.1310 signals a move into the 1.14-1.16 area.
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