Chart 1
  • Chart 1 above shows the bollinger bands on the daily chart set at 1.5869 for the upper band, 1.5717 and 1.5576 for the middle and lower band respectively
  • The huge gap between the lower and upper band shows that the pair has been trading in a wide range.
  • The average true range is at 0.0109 implying very low volatility
Chart 2
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