Refers normally to the first three digits of an exchange rate that dealers treat as understood in quoting. For example, a quote of “50/60” on EUR/USD could indicate a price of 1.3050/60.
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I've got my eyes locked on a couple of long-term setups for USD/CAD and NZD/USD, plus this ongoing forex reversal on AUD/USD. Are there any catalysts lined up? ...