ANZ isn't giving up on the bear case for NZD/USD, sees huge drop

ANZ on why they are staying structurally bearish NZD/USD and target 0.55 by year-end- ANZ
ANZ Research maintains a structural bearish bias on NZD through year-end.
"By virtue of its economy, New Zealand was highly exposed to the
pandemic's fallout. It experienced a total drop in tourism, which will
weigh on domestic incomes, spending and house prices.