Gaps in currencies

Discussion in 'Forex' started by AshanD, Oct 29, 2007.

  1. AshanD


    Looking at the daily chart of AUDUSD and EURUSD the price pattern looks very similar with one difference. For the most part the AUDUSD bars are relatively close to each other which is what I would expect, but the EURUSD contains a lot of gapping up and down. Other than the weekends when the markets close I don't understand how a curency would gap since it trades throughout the day. So how does that happen exactly?