Westpac - "We expect NZD/USD to firm moderately during the weeks ahead. The potent cocktail of global quantitative easing and a stronger NZ economy should take the pair to 0.8265 initially and 0.8355 beyond. (...) Technically, the long term outlook is bullish. The NZD has trended higher since the GFC low in March 2009, and has consolidated since August 2011 in a triangular pattern. Such patterns are usually continuation types, suggesting an eventual break to continue the trend. Such a break did occur on 11 Sep, and as long as the triangle is not re-entered, has bullish implications. The initial upside target is 0.8355 – the double top on 14 and 28 Sep. There is minor resistance at 0.8265, the 1 Oct low. This view is invalidated if the triangle is re-entered (currently at 0.8105), in which case the medium term target would flip to 0.7600."