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The holidays tends to bring rangebound behavior from currencies. Check out these levels to on the major comdoll pairs to watch for possible support/resistance type reversal plays if market drivers stay the same!
Significant Levels to Watch Out For
|
AUD/USD |
USD/CAD |
NZD/USD |
|
| Week Open (WO) | 0.8926 | 1.0639 | 0.8210 |
| Previous Week High (PWH) | 0.8970 | 1.0738 | 0.8288 |
| Previous Week Low (PWL) | 0.8821 | 1.0571 | 0.8151 |
| Top Weekly ATR (tWATR) | 0.9021 | 1.0699 | 0.8302 |
| Bottom Weekly ATR (bWATR) | 0.8831 | 1.0580 | 0.8118 |
| Other significant levels | 0.8850, 0.9000 | 1.0600, 1.0700 | 0.8300, 0.8100 |
In case you’re wondering what ATRs are all about and how I computed those figures, make sure you check out my entry explaining my trading strategies.
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This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.