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.