eFXdata reports that Citi likes NZD in G10 space and prefers shorts in AUD/NZD in the long-term.
"Kiwi is an outperformer in G10 as the country starts to grind back into gear. The outlook v AUD is very favourable and the debate in Australia “now is that’s its more likely that I can fly (from my Darling Point office in Sydney) to Queenstown before I can fly to Queensland or Western Australia (wouldn’t want to anyway)”. Citi notes.
"Longer term AUDNZD downside remains attractive," Citi adds.