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NZD/USD heavy ahead of milk results, Fed risk to keep action tempered

Tuesday, March 17, 2015 2:42 PM UTC

Source: Thomson Reuters

NZD/USD pressing 200-HMA as sour risk sentiment hits high betas, Fed risk to keep action tempered
Fonterra milk auction results due ahead, recent results up but on low volume
Pair likely to test 0.7310 support on a weak result today
Breaks of above then eyes 0.7275/80 support, that might be downside limit
AUD/NZD bounce off 1.0325/30 and soft commodities aids pair's slide

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NZD/USD heavy ahead of milk results, Fed risk to keep action tempered

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