Currently, AUD/NZD is trading at 1.0378, down -0.03% on the day, having posted a daily high at 1.0386 and low at 1.0373. Analysts at Westpac offered their outlook for the cross today and the antipodean rates. Key Quotes: "AUD/NZD 1 day: The break below 1.0400 yesterday argues for further downside today towards the mid 1.03s. AUD/NZD 1-3 month: Higher towards 1.09. The cross remains below fair value estimates implied by interest rates, commodity prices and risk sentiment, although it is closing the gap. There’s potential for a rebound in iron ore prices this year, given high steel prices (24 May). AU swap yields 1 ... (full story)