Majors on Friday: USD Grinds Higher on NFP Friday
Hi All,
The majors were active in trade yesterday, with the USD continuing to push its way higher. For the most part all the majors were weaker against the USD, however, the GBP bucked the trend and broke out to the upside. There seems to be progressing around life after the Brexit and the pound is starting to look bullish. It’s a volatile trade at the moment.
The AUD/USD and NZD/USD were some of the weaker pairs as poor trade data and a slump in commodity prices hurt the commodity currencies.
All eyes now turn to US unemployment and the majors will be back in the firing line.
Forex Majors
AUD/USD – The AUD has broken out as we’ve been suggesting it might and there looks like more weakness to come.
EUR/USD – The Euro continues to grind lower which is great for our forex signal.
USD/JPY – The Yen bounced off 112.00 and has pushed higher.
NZD/USD – The Kiwi is looking awful weak and I’m anticipating a break of the lows soon.
USD/CAD -The CAD is eyeing 1.2900 as it hovers in its long-term range.
USD/CHF – The Swissy continues to drift higher and we are now at a key resistance level.
GBP/USD – The pound ripped higher as Brexit talk continues.
US Dollar Index (DXY) – The USD keeps pushing higher eyeing 94.00 and will be in-play as NFP hit early in the US session.
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