AUD/NZD: bullish outlook (1.0415) - Westpac

Analysts at Westpac offered an outlook for the antipodean cross.

Key Quotes:

"AUD/NZD 1 day: (1.0415) 

The softer AU CPI along has seen AUD/NZD stumble lower though there is support down at 1.0330/50. Q4 NZ will decide near term direction.

AUD/NZD 1-3 month: 

 Higher to the 1.0650-1.0770 area, mainly for valuation reasons. The cross remains well below fair value estimates implied by interest rates, commodity prices and risk sentiment."