Global Dairy Trade auction prices up

Global Dairy Trade auction price up 0.9%

The GDT auction prices are up 0.9% at the auction this week. The average price rose to $3271.

The NZDUSD has moved up on the news and trades to the 100 hour MA at 0.68393 (blue line in the chart below). Sellers pushed the price through that level earlier in the day.

The NZDUSD is back up testing the 100 hour MA. Can the MA line hold?