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NZD/USD near session high ahead of Fonterra milk auction

Source: Thomson Reuters


  • NZD/USD near session high ahead of Fonterra milk auction, results due soon

  • Pair pierces 10-DMA on overnight dip , tests TrendLine off Feb low, sympathy lift with AUD

  • NZD/USD could test 55-DMA & daily cloud on positive result, >0.7610/30 eases bear pressure

  • Bears need sub-0.7410/25 to gain control, long-term trend favors bears

  • Market Data
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