Don’t waste your time – keep track of how NFP affects the US dollar!
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Personal areaGold has broken through the key level of $1760! It retraced to it shortly, but it’s likely to be a natural sell-off ahead of the further rally up. Thus, it may reach the high of late February at $1790. If it crosses this level as well, it may jump to $1815! Support levels are the 50- and 100-period moving averages of $1745 and $1730.
EUR/USD is moving inside the ascending channel in the short term, but we shouldn’t forget that the overall trend is downward. As a rule, a pair is likely to reverse down after it touches the upper trend line. So, if the pair breaks through the 1.1960 support, it will fall further to the 50-period moving average of 1.1915. In the opposite scenario, it manages to cross the strong resistance area of 1.1990-1.2000, the way up to the next round number of 1.2050 will be open.
USD/JPY is moving inside the descending channel. It has bounced off the support of 108.65. If it manages to break the psychological mark of 109.00, the way up to the 200-period moving average of 109.10 and then to 109.25 will be open. Support levels are at recent lows of 108.65 and 108.40.
