Business activity index in the manufacturing sector of Japan, in August increased to 49.6 against 49.3 in July.
During the Asian session the pair USD / JPY, continued to decline however remaining within the boundaries of the range of 99.91-101.78. We expect the market rebound from the bottom level of the range of 99.91 and the pullback at least to the area of the balance level of 100.30. At the same time we note that from a technical point of view, the probability that market will go lower 99.70-99.90, as well as updating local minimums- increases.
After yesterday's growth and the opening gap filling, the market continued to gain, as pair returns to the key level of 0.7660. We expect the movement to slow down in front of this resistance level and the kind of consolidation. However, attempts to settle above above 0.7660 are likely.
New Zealand Dollar:
During the Asian session the pair NZD / USD, continued to gain, as NZDUSD pair is trying to settle above 0.7315. Upon successful settlement above this level we expect the positive dynamics to gain and the formation of the medium-term uptrend.
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