USD Overview (03 September 2021)
Yesterday, USD weakened against all major currencies.
The Nonfarm Payroll jobs data will be released later at 2030 (GMT+8).
- Average Hourly Earnings m/m (Forecast: 0.3%, Previous: 0.4%)
- Non-Farm Employment Change (Forecast: 750K, Previous: 943K)
- Unemployment Rate (Forecast: 5.2%, Previous: 5.4%)
Also, the ISM Services PMI data (Forecast: 61.6, Previous: 64.1) data will be released later at 2200 (GMT+8).
NZD/USD Outlook (03 September 2021)
Overall, NZD/USD is ranging across. Recently, NZD/USD trended into the resistance zone of 0.71000.
Currently, NZD/USD is testing the resistance zone of 0.71000 and the next support zone is at 0.69500.
Look for short-term buying opportunities of NZD/USD if it breaks the resistance zone of 0.71000.
AUD/USD Outlook (03 September 2021)
Overall, AUD/USD is ranging across.
The Australian Retail Sales m/m data (Forecast: -1.9%, Previous: -2.7%) will be released later at 0930 (GMT+8).
Currently, AUD/USD is testing to break above the key level of 0.74. Its next support zone is at 0.73300 and the next resistance zone is at 0.75000.
If AUD/USD breaks above the key level of 0.74, look for short-term buying opportunities up until the release of the U.S. jobs data later at 2030 (GMT+8).
USD/JPY Outlook (03 September 2021)
Overall, USD/JPY is ranging across.
Currently, USD/JPY is testing to break below the key level of 110. Its next support zone is at 108.800 and the next resistance zone is at 110.800.
If USD/JPY bounces up from the key level of 110, look for short-term buying opportunities up until the release of the U.S. jobs data later at 2030 (GMT+8).
EUR/USD Outlook (03 September 2021)
Overall, EUR/USD is ranging across.
Currently, EUR/USD is moving towards the next resistance zone of 1.19000 and the next support zone is at 1.17600.
If EUR/USD breaks the resistance zone of 1.19000, look for short-term buying opportunities up until the release of the U.S. jobs data later at 2030 (GMT+8).
GBP/USD Outlook (03 September 2021)
Overall, GBP/USD is ranging across. Recently, GBP/USD broke the resistance zone of 1.38000.
GBP/USDs next support zone is at 1.38000 and the next resistance zone is at 1.40000.
Look for short-term buying opportunities of GBP/USD up until the release of the U.S. jobs data later at 2030 (GMT+8).
USD/CAD Outlook (03 September 2021)
Overall, USD/CAD is ranging across. Recently, USD/CAD broke the support zone of 1.26100.
USD/CADs next support zone is at 1.24500 and the next resistance zone is at 1.26100.
Look for short-term selling opportunities of USD/CAD up until the release of the U.S. jobs data later at 2030 (GMT+8).
GBP/JPY Outlook (03 September 2021)
Overall, GBP/JPY is ranging across.
Currently, GBP/JPY is testing to break above the key level of 152. Its next support zone is at 151.000 and the next resistance zone is at 153.800.
Look for short-term buying opportunities of GBP/JPY if it breaks above the key level of 152.
EUR/JPY Outlook (03 September 2021)
Overall, EUR/JPY is ranging across.
EUR/JPYs next support zone is at 130.000 and the next resistance zone is at 132.000.
Look for short-term buying opportunities of EUR/JPY.
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