Key Highlights USD/JPY rallied toward 151.70 before there was a pullback. A connecting bearish trend line is forming with resistance near 150.60 on the 4-hour chart. EUR/USD and GBP/USD avoided more downsides with a minor recovery. The US nonfarm payrolls could increase by 180K in Oct 2023, down from 336K. USD/JPY Technical Analysis The US […]
The post USD/JPY Remains Supported For More Gains, US NFP Next appeared first on Action Forex.
Dollar Index broke through an important support overnight as recent decline accelerated, and hit the lowest level in three years. The selloff reflects a deepening flight out of US assets, as confidence continues to erode. Read more…
New Zealand recorded stronger-than-expected trade surplus of NZD 970m in March, far exceeding forecasts of NZD 80m. The surprise was driven by a robust 19% yoy increase in goods exports, which rose by NZD 1.2B Read more…
Key Highlights USD/CHF declined heavily below the 0.8380 and 0.8250 levels. A major bearish trend line is forming with resistance at 0.8150 on the 4-hour chart. EUR/USD rallied above the 1.0450 and 1.0500 resistance levels. Read more…