AUDUSD: Why .9450 is Such a Tough Nut to Crack

In the days before ubiquitous computers, floor traders needed a simple way to calculate intraday levels of support and resistance. Enter pivot points. Pivot points use the high, low, and closing price of the previous day to project support and resistance levels for the current day. For instance, the…

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AUDUSD: Why .9450 is Such a Tough Nut to Crack

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