I consider both NZD and AUD two of the extremely overvalue currencies in the world. Still I maintain my bearish on these two currencies. On the other hand USD is undervalued now. They may depreciate at least 40% against USD during next two years.

Please see following links on AUD.

http://www.bloomberg.com/video/look-...1efq_IVYQ.html

Look to `Short' Aussie for 2014: FXPrimus

http://www.bloomberg.com/news/2013-1...fed-taper.html

Aussie Dollar Set for Biggest Yearly Drop Since ’08 on Fed Taper

http://www.bloomberg.com/video/austr...iMYf19Osg.html

Australian Dollar Long-Term Trend Clearly Downwards

My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions. Please note that I do not endorse or take responsibility for material in the above hyper-linked sites.