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Which Forex Pair Ranges the Most

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Knowing if a currency pair is trending or ranging is crucial to the success of profitable forex traders:

for range-bound markets, but traders can use technical analysis alongside geopolitical events to identify others.While all Forex pairs can enter a trading range, among the most typically range-bound currency pairs are currency crosses, those without the US Dollar as a quote or base currency.

While the lower bound range of the EUR/CHF range remained fixed until 2015, since the Swiss National Bank depegged the Swiss Franc from the Euro, the dynamic shifted, and the AUD/NZD became the go-to currency pair for range traders.Range bound in Forex refers to a currency pair trading between well-established support and resistance levels, the lower and the upper bound range.

 

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