ANZ Research discusses NZD/USD outlook for the coming week.

"Technically, the NZD/USD maintains a starkly bearish momentum that is looking to extend into the week ahead.

The pair is trading well below its 20-, 50-, and 200-dmas. We view the pair as highly undervalued on a medium-term basis, though further downside is possible in the short term," ANZ notes.

"With the lack of fundamental macro drivers in the week ahead, we are slightly negative on the NZD/USD, with key support near 0.5626 (26 June low)," ANZ adds.