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Home Forex

If your chart is showing AUD/USD around 0.6630, get outta here! Pair trading around 0.6647

If your chart is showing AUD/USD around 0.6630, get outta here! Pair trading around 0.6647
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As I point out every week:

As is common for a Monday morning, market liquidity could be very skinny till it improves as extra Asian centres come on-line … costs are liable to swing round, so take care on the market.

Properly, this isn’t a type of instances.

In case your AUD/USD charts is studying round 0.6630, its displaying incorrect pricing.

It occurs generally, as ‘retail’ FX charts are often primarily based on the bid value and on this case your chart could also be exhibiting the bid is round 0.6630, because of lack of curiosity primarily. Within the wholesale FX market, which admittedly is barely existent presently of the week, the buying and selling value is hardly modified from late Friday round 0.6645 or so.



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