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Westpac Research notes:AUD/NZD 1 day: The downward correction continues, targeting 1.0675 next.AUD/NZD 1-3 month: The RBA will probably remain on hold (albeit with easing risk), while the RBNZ has a conditional easing bias. Expected RBA vs RBNZ direction thus favours AUD/NZD over the medium term, such that 1.1300 is feasible.


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