FXStreet (Edinburgh) - Imre Speizer, Strategist at Westpac, remains bearish on the pair, which could reach 0.62 by end of 2015. Key Quotes “We have flipped to a positive bias for the month ahead, but remain bearish over a three month horizon”. “Our target for the week ahead is 0.6750. The rebound in dairy prices (92% since the August low for WMP) and still strong migration and housing should keep the RBNZ on hold on 29 Oct”. “Moreover, NZD/USD is currently 7% below fair value implied by commodities, interest rates and risk sentiment, probably because the US dollar is overvalued”. “Multi-month, we see the NZ economy slowing and the RBNZ easing in December, taking NZD/USD to 0.62”. For more information, read our latest forex news.