New Zealand dairy auction GDT price index +0.0% vs -0.4% prior

Last three auctions have not breached unchanged levels

The recent auction shows that the GDT price index is unchanged.

The last 3 auctions have come in at unchanged, down -0.4% and now unchanged.

The NZDUSD has little change since the report. The price has been consolidating near the lows and below the 200 bar MA on the 5-minute chart. Stay below is more bearish but the 0.7000 level is a key support level for the pair (the low got to 0.7009).