After breaking below support at the .8700 major psychological level and dipping to the .8550 mark, AUDUSD has pulled up to the area of interest and may be due to resume its drop soon.
USD
The US dollar had a mixed performance as it regained ground to the pound, euro, and yen but continued to weaken to the rest of its counterparts.
AUDUSD has recently broken below the .8700 major psychological support zone and dipped to the .8550 area before making a pullback.
USD
The US dollar gave up ground to its forex counterparts on Friday when the US non-farm payrolls figure missed expectations.
GBPUSD has been steadily moving lower, as a descending trend line can be drawn to connect the recent highs of price action.
USD
Dollar traders are gearing up for the release of the October NFP report in today’s US trading session, which could show a slightly slower pace of jobs gains.
GBPAUD recently made a strong upside break past resistance at the 1.8400 major psychological level and may be due for a retracement.
USD
The US dollar advanced to the pound and most of its major counterparts in recent trading, as data from the US came in mixed.
GBPUSD has recently broken below a significant support level, a sign that further losses could be in the cards.
USD
The US dollar returned some of its recent forex trading gains as traders booked profits ahead of the mid-term elections, which pose a risk to dollar trends.