BNZ - "We’re embarking on an important week for the NZD/AUD. Tuesday’s RBA meeting, and employment figures for both NZ and Australia on Thursday, will help determine whether the uptrend that exploded into life last week will continue.
Notwithstanding the potential for a brief (and shallow) pullback, we believe the uptrend has got legs. Indeed, we’ve been NZD/AUD bulls for some time. With our March quarter 0.8120 forecast (1.2300 in AUD/NZD terms) more or less reached already, we have nudged up our mid-year forecast to 0.8330 (1.2000)."