Don’t waste your time – keep track of how NFP affects the US dollar!
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Personal areaEUR/USD has broken through the upper trend line of 1.2000 and even reach the 100-day moving average of 1.2050, but has failed to close above it yet! If bulls keep momentum, the pair may rally up to the early March highs of 1.2100. Support levels are at 1.2000 and the 50-day moving average of 1.1960.
AUD/USD has approached the 0.7800 resistance, which it has failed to cross several times this year. Besides, the price crossed the upper line of Bollinger Bands, signaling the asset is overbought. Therefore, it’s likely to reverse down rather than breaking out. Support levels are at the recent lows of 0.7730 and 0.7650.
Gold is falling to Friday’s low of $1760, which it shouldn’t cross as there is the trend line. If it manages to cross it, the next support will be at $1750 near the 50-day moving average. If gold stays inside the channel and keeps rising, it may hit yesterday’s high of $1790.
USD/JPY has reversed from local dips. If it breaks the 108.50 resistance, the way up to the key psychological mark of 109.00 will be open. Support levels are 108.00 and 107.85.
