ANZ Research likes buying NZD/USD on dips targeting 0.60 by year-end.

"Technically, the NZD/USD fell below support at 0.57 before settling above 0.5660. Key support holds near the year-to-date low of 0.5626 (26 June low). CFTC positioning for NZD has just turned positive over the last two weeks of data, suggesting that there may be buying pressure at current low levels," ANZ notes.

"Further, any sustained improvement in risk appetites globally or a continued easing in oil prices would strengthen NZD/USD. Overall, at such low levels, we think the NZD is a buy on dips under 0.57, targeting 0.60, our year end forecast," ANZ adds.