AUDUSD Forecast February 26, 2016, Technical Analysis
The AUDUSD pair broke higher during the course of the session on Thursday, but we still remain
The AUDUSD pair broke higher during the course of the session on Thursday, but we still remain
The EURUSD pair fell just a bit during the course of the session, testing the 1.10 level.
The AUDUSD pair went back and forth during the day on Tuesday but turned back around to form a bit of a shooting star.
Chinese shares regained the 2,900-point mark on Monday, following the appointment of a new regulator head on Saturday.
USDCAD has formed lower highs on its 1-hour chart and has been finding support at the 1.3650-1.3700 area, creating a descending triangle chart pattern. Price appears to have found resistance at the top of the formation once more and might be due for another test of support.
Apple officially launched its much anticipated Apple Pay service in China on Thursday, through a partnership with China UnionPay, entering the country’s competitive mobile payment race. Users of the iPhone 6 or more advanced versions, certain iPads and Apple Watches will be able to use their devices to buy items across Apple’s second-largest market by revenue.
EURUSD pair fell during the day on Thursday, as we drove lower and trying to reach down to the 1.1050 level.
The AUDUSD pair went back and forth during the course of the day on Thursday, as we continue to bang around just below the 0.72 handle.
The EURUSD pair initially fell during the course of the day on Wednesday, but found enough support just below to turn things back around and form a hammer.
The AUDUSD pair broke higher during the course of the session on Wednesday, but still remains below the 0.72 level, an area that we see as the “ceiling” in this market.