EURUSD Forecast September 9, 2015, Technical Analysis
The EURUSD pair initially fell during the day on Tuesday, but found support yet again as the market looks like it is trying to find enough support to turn things back around.
The EURUSD pair initially fell during the day on Tuesday, but found support yet again as the market looks like it is trying to find enough support to turn things back around.
The AUDUSD pair broke higher during the course of the day on Tuesday, clearing the 0.70 level at one point.
Fifty Chinese brokerages have vowed to pledge a total of 100 billion yuan ($15.7 billion) to back up stock purchases, as regulators move to further prop up the shaking market, reported Securities Times.
The AUDUSD pair fell during the course of the session on Wednesday, testing the 0.70 level for support.
The AUDUSD pair fell significantly during the course of the session on Tuesday, breaking down to a fresh, new low.
China’s factory activity continued to lose steam in August, suggesting the world’s second largest economy faces prolonged downward pressure, official data showed Tuesday.
AUDUSD’s downward movement from 0.8162 extended to as low as 0.7037.
EURUSD broke above 1.1467 resistance, and reached as high as 1.1713.
GBPUSD recently broke past the resistance at the 1.5650-.1.5700 psychological levels and is showing signs of a pullback from the rally.
The AUDUSD pair initially tried to rally during the course of the day on Tuesday, but found itself struggling yet again.