Quotes from Westpac Research:- NZD/USD 1 day: Retains a negative bias and should drift towards the 0.7700 level.- NZD/USD 1-3 month: The October rebound appears complete at 0.8034. A sustained break below the key 0.7700 area then targets the mid-0.70’s. The US dollar remains strong, the US economic data supportive and Fed tightening looming. In contrast, the RBNZ will remain on hold during the year ahead, at least, while inflation remains weak.
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