ACI Dealing Certificate (#277)

If a 12-month AUD/NZD swap is quoted 53/47, which of the following statements would you consider to be correct?

12-month AUD rates are higher than 12-month NZD rates
12-month AUD rates are lower than 12-month NZD rates
Spot AUD/NZD will be higher by approximately 50 points in 12 months
The AUD yield curve is positive, whilst the NZD curve is negative