Explore AUD/NZD's Daily Open Range Figures. Our data provides the frequency and probability of seeing Lows and Highs closing within different pip ranges from the Open, spanning November 11th, 2001 to January 1st, 2023
Explore the numbers and probabilities driving AUD/NZD's 20-year historical dataset using our user-friendly drop-down menus. Navigate between charts and datasets using "Quick Links" for a seamless experience.
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The "Open - Low" table clearly illustrates the frequency & probability of a Low forming within a specific number of pips from the Open during bullish days on AUD/NZD.
The "Open - High" table clearly displays the frequency & probability of a High forming within a specific number of pips from the Open during bearish days on AUD/NZD.
🚨Set your stop loss 50 pips below the Open price on bullish days.
Given that 92.12% of bullish days form a low within 50 pips of the Open, this offers high chance (92.12%) your stop loss won't be hit, minimizing unnecessary exits.
🚨If you're comfortable with a slightly higher risk, consider setting your stop loss 30 or 40 pips below the Open. This provides a balance between protecting your capital and allowing the trade room to breathe.
🚨Set your stop loss 50 pips below the Open price on bearish days.
Given that 92.12% of bullish days form a low within 50 pips of the Open, this offers high chance (92.12%) your stop loss won't be hit, minimizing unnecessary exits.
🚨If you're comfortable with a slightly higher risk, consider setting your stop loss 30 or 40 pips below the Open. This provides a balance between protecting your capital and allowing the trade room to breathe.