Outlook for Australian dollar remains poor, further losses versus New Zealand dollar are forecast

The Australian dollar / New Zealand dollar exchange rate has fallen over 5 pct in the last 6 weeks to hit four year lows, we ask whether further declines are likely.

Indeed, according to Saxo Bank in the above broadcast, the outlook for the Australian dollar remains bearish.

And importantly, what numbers should we be looking for in order to anticipate further declines in the Australian dollar?

Is there profit in this divergence for traders and should those looking to buy the Australian dollar on the cheap hold out for lower rates?