Up from the 0.9% rise on Feb 19th
The Global Dairy Trade auction is showing a 3.2% rise in prices from the Feb 19 levels.
At the February 19 auction the price rise was 0.9% to an average price of $3271.
The NZDUSD has been moving off the low of 0.6768. At the low, the pair got within 5-6 pips of its 100 day MA at 0.67629. The paiir is testing earlier lows for the day at 0.6787. The 100 bar MA (blue line) on the 5-minute chart is at 0.6789. The 200 bar (green bar) on the same chart is at 0.67936 (and moving lower). A move above, would be more bullish for the pair.
