FXStreet reports that economists at Rabobank forecast AUD/NZD at 1.03 on a three-month view.

“Any indication from the RBNZ that it could delay a second rate hike until 2022 could push AUD/NZD higher near-term. That said, we still expect the cross rate to turn lower medium-term based on the dovish position of the RBA.”

“Even on a rate hike this week from the RBNZ, there is scope for the NZD to move lower if guidance limits the potential for another rate hike this year. Last week’s high at AUD/NZD 1.0492 is likely to offer some resistance.”

“Medium-term, we expect the dovish position of the RBA to pave the way for a move towards 1.03 on a three-month view.”