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6 Feb 2016
Growing price instability in NZD/USD
NZD/USD was a game of two halves in last week's trading forming a high wave candlestick pattern on this time frame.
While closing the week above the 21-period simple moving average, this pair has thrown in a large bodied candlestick, with seemingly large upper and lower wicks.
Both buyers and sellers were defending the extremes, yet a neutral to bullish tone prevails.
While closing the week above the 21-period simple moving average, this pair has thrown in a large bodied candlestick, with seemingly large upper and lower wicks.
Both buyers and sellers were defending the extremes, yet a neutral to bullish tone prevails.