The AUDUSD is approaching our first target at 0.6494. If potential setbacks can't be avoided, the technical outlook remains bearish and calls for a further decline towards our core target at 0.6480.
The EURGBP is getting close to the entry level at 0.8540 defined this morning from where a new rise is expected towards 0.8568. Only a break above 0.8526 would invalidate this.
The EURJPY is getting close to the entry level at 168.30 defined this morning from where a new drop is expected towards 166.95. Only a break below 168.97 would invalidate this.
NFP will dissapoint today and USD will drop. Fed will have to start lowering interest rates very, very soon. We are seeing more and more weakness in US lately. Economy is going down and inflation is going up.
The USDJPY pair advanced for a third consecutive week, accumulating a measly 160 pips in that period. The pair trades around 160 ahead of the close after tumultuous headlines failed to trigger a clear directional path.
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations of continuing the bullish trend, which targets 0.6070$ as a next station, noting that breaking 0.6000$ will stop the current rise and push the price to turn to decline.