OK, this is early … there is a Global Dairy Trade auction up on Tuesday, beginning at midday GMT Tuesday. That is quite a while away, so, if you have your head up for it, you can safely put it back down again for a few hours.
Kiwi $ is back on overnight highs as I type; the auction will have in impact on it. Ahead of that there is plenty of resistance as we approach 0.8200 and then again 0.8210/15/25. I'll be back with a better look a the orderboard when the Sydney/Melbourne interbank gets more active.
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