A 5 pip variance is used to determine if a dynamic support or resistance level is reached.
AUDJPY closed the week out at 82.55 on Friday. This was both enough for a Daily trend change to the upside and a Weekly confirmation…
To recap last week, commodity based currencies did most of the driving. As we pointed out, USD/CAD was overbought, while AUD/USD and NZD/USD were oversold,…
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