Ahead of the US Non-Farm Payroll data, expected at 12:30 GMT today, the Dollar seems to be trading on the upside. The forecast has put American employment into a healthy increase for the previous month, with a concurrent drop in the official unemployment rate alongside it. The NFP is expected to show an increase of over 500,000 jobs last month. Should the figure come in near what is expected, the USD will likely see a gratuitous increase given the risk averse climate currently in play.

Forex Market Trends

 
EUR/USD
GBP/USD
USD/JPY
USD/CHF
AUD/USD
EUR/GBP

Daily Trend
down
down
up
no
no
down

Weekly Trend
down
up
up
up
no
down

Resistance
1.2260
1.4720
93.50
1.1615
0.8525
0.8400

1.2240
1.4700
93.30
1.1595
0.8505
0.8380

1.2210
1.4670
93.00
1.1565
0.8475
0.8350

Support
1.2150
1.4610
92.40
1.1505
0.8415
0.8290

1.2120
1.4580
92.10
1.1475
0.8385
0.8260

1.2100
1.4560
91.90
1.1455
0.8365
0.8240