AUDUSD Forecast March 3, 2016, Technical Analysis
The AUDUSD pair broke out during the day on Wednesday as we cleared the uptrend line that had previously been so resistive.
The AUDUSD pair broke out during the day on Wednesday as we cleared the uptrend line that had previously been so resistive.
China’s manufacturing activity has fallen to its lowest level in four years, pointing to the need for more policy support to bolster economic growth and push structural reforms. The purchasing managers’ index (PMI) came in at 49, down from January’s 49.4, the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing said on Tuesday.
EURUSD pair initially tried to rally on Monday but then spent most of the day falling.
The AUDUSD pair bounced at the open on Monday, but quite frankly with the massively negative candle that we had formed on Friday, we are still very bearish of this market.
The EURUSD pair fell initially during the course of the session on Thursday, but turned back around to form a hammer yet again.
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.
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.