Citi says the money is more likely to flow to the Australian side of the ditch. They recommend long AUD/NZD at 1.1348 with an initial target of 1.16 and a stop at 1.1195. The secondary target would be 1.2000 or the 200-day moving average.
The problem with this trade is that it’s slow moving and you pay carry. Technicals look good though.