Last session the Fed rocked the charts with their FMOC statement. Some pairs like the EURUSD seen new year highs in volatility.
Most markets look like a bit of a crime scene after that volatile event, but the EURNZD actually didn’t get shaken up too much – with the trend remaining pretty stable.
An indecision candle which is positioned right at a swing level here in the trend has just seen it’s lows broken. If price continues to weaken from the Doji breakout we could see this market make it’s next reach down into lower lows.