That is a big move higher.
Dairy Auction results for Feb 3, 2015
- whole milk powder prices rise 19.2%
The NZDUSD is rising on the news and approaches the 100 hour MA (blue line in the chart below) and topside trend line. Earlier today, the price tested the 100 hour MA and held. The topside trend line has been a key resistance level as well. Key test for the NZDUSD.
NZDUSD rallies toward resistance on dairy auction results.
