NZDUSD has been on a selloff but it looks like a reversal may be in order. Price is forming an inverse head and shoulders pattern on its 4-hour time frame, with an upside break of the neckline at the .6600 handle likely to send the pair up by 200 pips or the same height as the formation.
China and Russia are setting up a joint venture in Russia for making electromagnetic unit vehicles for the Moscow-Kazan high-speed rail project, railway equipment maker CRRC Corp Ltd said on Thursday.
The AUDUSD pair initially fell during the course of the day on Thursday, but then turned back around to form a bit of a hammer.
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The EURUSD pair went back and forth during the course of the day on Monday, as we continue to struggle to keep any gains at this point in time.
The AUDUSD pair went back and forth during the day here on Monday, as we continue to see interest somewhere near the 0.72 level.
China will increase imports, make it easier for overseas shoppers to get tax refunds and allow foreigners to visit more of the country for 72 hours without visas, the central government said on Monday.
The USDJPY pair went back and forth during the day on Friday essentially settling nothing.
AUDUSD stays in the trading range between 0.6907 and 0.7439. Resistance is at 0.7439,
EURUSD is facing 1.0462 (Mar 13 low) support, a breakdown below this level will indicate that the long term downtrend
