The EUR/AUD pair had a very positive session on Tuesday, but as you can see we are coming up upon what used to be significant support at the 1.42 level.
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The USD/JPY pair broke much higher during the day on Tuesday, breaking above the 105 level. That was an area that should have been massively resistive, so it doesn’t surprise me that we pull back a little bit.
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The EUR/CHF pair is one that I have not been involved with for quite some time. This is mainly because the Swiss National Bank put a “floor” in this market at the 1.20 level, and as a result the market should continue to respect that area.
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Check out the EUR/USD weekly Forex signal for September 2, 2014 here.
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With the Americans and Canadians celebrate Labor Day, a massive part of the trading community would have been gone as far as this particular contract is concerned.
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The EUR/USD pair did almost nothing during the session on Monday, which of course makes a lot of sense considering that the Americans and the Canadians both were celebrating Labor Day.
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The NZD/USD pair rose during the course of the day on Monday, but keep in mind that liquidity would’ve been a little bit thin during about half of the day. After all, the Americans and the Canadians were celebrating Labor Day, so as a bit of a false impression.
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Get the USD/JPY Forex signal for September 1, 2014 here.
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