NZD/USD is trading above the 0.63 level. In the early part of next year, economists at ANZ Bank expect the pair to remain in the low-0.60s.

AUD/NZD appreciation in 2023

“We see some residual USD strength in the early part of 2023, keeping the NZD/USD in the low 0.60 range.” 

“We expect New Zealand’s economic woes in the second half of 2023 to manifest primarily in NZD weakness against crosses, particularly AUD/NZD.”

See: AUD/USD to remain below 0.70 through to June before rising into year-end – ANZ