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Forex technical analysis: NZDUSD moves a touch lower after dairy auction price fall.

Discussion in 'Technical Analysis' started by ForexLive, Jan 19, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Today has seen the first move above the 100 hour MA since Dec 31. Auction does not help the bulls. The dairy price auction showed a -1.4% decline from the previous auction. The weakness in price has the NZDUSD trading lower and back down testing the 100 hour MA ( blue line in the chart below).

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