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Forex technical analysis : forex chart explanation GBPUSD chops near highs Looking at the hourly chart, the action is choppy. Looking at the chart, the GBPUSD is trading with higher highs and higher lows. Having said that,

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Notice the stark difference between the average range of GBPNZD in the chart above and NZDUSD in the first example. Its easy to see that GBPNZD has a much larger average range than that of NZDUSD. Whats the significance of this? The significance is that each.

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