The Aussie is approaching the resistance level of 0.7258

AUDUSD
March 2, 2016, 09:01
Buy on a level breakthrough of 0.7258 with 0.7326 target. Stop loss = 0.7200.
Reason for the trading strategy
Today's growth of the Aussie is not surprising. The whole of Asia is "green". The CSI 300 and the Nikkei225 have added about 4%. Investors are reacting to the monetary easing conducted by the People's Bank of China. In addition, the internal macroeconomic statistics has supported the Aussie. Australia's GDP increased by 0.6% (y/y) in Q4 2015, with a forecast of 0.5% (y/y), and the figure for Q3 2015 was revised upwards.

AUDUSD, H4

The Aussie is approaching the resistance level of 0.7258

GBPUSD: consolidation before the ADP publication of the number of jobs in the US priv

GBPUSD
March 2, 2016, 10:13
Sell on a level breakthrough of 1.3840 with 1.3750 target. Stop loss = 1.3890.

Reason for the trading strategy

The basic scenario for the GBPUSD pair involves it breaking through the lower limit of the range of 1.3840-1.4042. Today, the US dollar may be supported by the publication of the ADP employment statistics in the US private sector. In February, employment is expected to increase by 185 thousand.



GBPUSD, H4

GBPUSD: consolidation before the ADP publication of the number of jobs in the US priv

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EURJPY: adjustment from the level of 122.07

Sell on a level breakthrough of 122.07 with 121.00 target. Stop loss = 122.57.

Reason for the trading strategy

The decline in the euro has a negative impact on the EURJPY pair. Today, attention should be paid to the publication of the unemployment rate and the business activity index in the Eurozone manufacturing sector. After an adjusting growth, the pair could retest the level of 122.07.

EURJPY: adjustment from the level of 122.07

The USDCHF pair is "rushing" towards the level of 1.01

Buy on a level breakthrough of 1.0037 with 1.0100 target. Stop loss = 0.9987.

Reason for the trading strategy

Expectations of an expansion of monetary stimulus measures in the Eurozone in March have a negative impact on the franc. The growth of the business activity index from 50 p. to 51.6 p. in Switzerland's manufacturing sector reported in February does not help it either.

The USDCHF pair is "rushing" towards the level of 1.01

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