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This pattern is anomalous. It cannot be explained by normal daily activities because it does not happen every day, just for the last five.



Is there a way to get historical intraday data for currencies, beyond the last 5 days?

I'm just going by what the data shows - this is a plausible explanation given the times and known facts about the domestic financial system. (For example, domestic banks have the balance all deposits daily to ensure they meet reserve requirements.) If you can find data that refutes this hypothesis, be my guest. Simple assertions don't count, though.




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