The pair hasn't traded below this level since January 19th. If we can close below 6.2872 we may see further selling with no significant levels between here and the all time low of 6.27195. If support holds we look back to the 38.2% line.
Forex Trading: USD/CNH Re-testing Lows
Source: www.dailymarkets.com
Read more...
How Britain’s Cultural Revolution Transformed the World
By MoneyMorning.com.au For the ordinary person, life didn’t change a jot from pre-history to around 1800. It didn’t matter whether...
“Enormous Consolidation” Expected in Gold Mining in 2012
“Enormous Consolidation” Expected in Gold Mining in 2012 by Justin Dove, Investment U Research Friday, November 11, 2011 In...
UBS said to be in talks about repaying swiss state investment
UBS, the European bank with the biggest losses from the global financial crisis, is in talks with Swiss government about repayment of 6 bln francs in state...
Opportunities for Government Policy Profiteers
By MoneyMorning.com.au Every time governments come up with a policy to fix something, an investment opportunity is born. That’s because...
AUDUSD’s bounce extended to 0.8992 level
Written by ForexCycle.com AUDUSD’s bounce from 0.8734 extended further to as high as 0.8992 level. Support is now located at the rising...