A 5 pip variance is used to determine if a dynamic support or resistance level is reached.
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,…
Last week saw the continuation of Eur/Usd liquidation with lows reaching near 1.1250 and closing at 1.1280. It has been our view since September that…
To account for price feed input, a 5 pip variance is used as a trigger to determine if a dynamic support or resistance level is…
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