The NZDUSD moved sharply higher after the tamer than expected US CPI data sent the USD lower. That moved to the upside took the price above a cluster of moving averages including:200-hour movie area to 0.61024100-bar moving out on the four hour chart at 0.61059100-hour moving out in 0.61136, and even the 200-bar moving average on the four hour chart at 0.6127The high price extended to 0.6130That high reversed all of the declines seen after the "dovish" hold on rate from the RBNZ after their rate decision yesterday.However, since peaking the price as rotated back to the downside and moved back below all the above moving averages with the exception of the 200-hour MA. The low corrective price
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