[QUOTE= But based on outlook soft commodities looks rosier than hard commodities so NZ will have an upward bias with Dairy prices going up. Although another Fonterra scare can just derail everything. But looking at the chart we might see NZDAUD scale new highs in the near term.[/QUOTE]

I read somewhere recently that globally dairy production is recovering (was bad weather etc) and this will put a downwards pressure on Dairy prices so if so we may be near a top right now.