NZDJPY has shown increased downside momentum, as price broke below the bottom of the ascending triangle on its 4-hour time frame.
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The US dollar regained ground against its forex counterparts as risk aversion popped its head back in the financial markets.
AUDUSD broke past a resistance area on its 1-hour time frame and rallied to a high of .8250 before retreating.
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The US reported a strong NFP reading for December, as the economy added 252K jobs versus the estimated 241K gain.
GBPUSD is showing signs of a pullback, as price previously found support near the 1.5000 major psychological level.
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The US dollar continued to advance against the European currencies while showing more weakness to the commodity currencies as traders position themselves ahead of today’s NFP release.
AUDJPY’s recent downtrend might be over, as price formed a double bottom pattern on its 4-hour time frame
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The US dollar had a mixed performance following the release of the FOMC minutes, although the safe-haven currency generally ended stronger.
AUDUSD’s downtrend might be cut short, as price has formed a reversal pattern on its 1-hour time frame.
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The US dollar gained support from risk aversion once more, allowing it to advance against the pound and euro.