If your chart is showing AUD/USD around 0.6630, get outta here! Pair trading around 0.6647
- Just a heads up if you need
As I mention each week:
- As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online ... prices are liable to swing around, so take care out there.
Well, this is not one of those cases.
If your AUD/USD charts is reading around 0.6630, its displaying incorrect pricing.
It happens sometimes, as 'retail' FX charts are usually based on the bid price and in this case your chart may be showing the bid is around 0.6630, due to lack of interest mainly. In the wholesale FX market, which admittedly is barely existent at this time of the week, the trading price is hardly changed from late Friday around 0.6645 or so.
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7 months ago
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