Don’t waste your time – keep track of how NFP affects the US dollar!
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Personal areaThe market sentiment is risk-off. Stocks are falling, while the safe-haven US dollar is edging higher. Meanwhile, oil advanced after the OPEC meeting.
EUR/USD keeps moving inside the descending channel. It has just broken through the important support level of 1.1600. After a short pullback to this level, the pair is likely to continue falling further. The next support level is at 1.1565 – the low of October 1.
USD/JPY has surged above the key resistance level of 111.00 due to the strong USD. The way up to the next round number of 111.50 is open now. If the pair breaks through this resistance level, then it may advance to the high of September 30 at 112.00. Support levels are 110.80 and 110.50.
