FX on NFP day: By Mary McNamara

This is how I am seeing the 4hr charts setting up ahead of today’s AUD Retail Sales and Monetary Policy Statement, US NFP and CAD Employment and Trade Balance data.

USDX: watch for any possible make or break at 92.50 with today’s NFP:

Forex charts: the GBP fell with the BoE announcement and so the charts here look rather different:

GBP/USD: one of the 4hr trend lines was broken but price found support at the second:

GBP/USD 4hr:

GBP/USD 5 min: too fast for TC to catch on even the 5 min chart:

GBP/USD 4hr: the revised 4hr chart:

GBP/JPY: a break of TL but it was too fast for the 5 min chart here as well:

GBP/JPY 4hr:

GBP/JPY 5 min: and 1:1 R

GBP/JPY 4hr: revised 4hr chart:

GBP/AUD 4hr:

G/A 4hr:

G/A 4hr: the revised chart:

GBP/NZD 4hr:

G/N 4hr:

G/N 4hr: the revised chart:

EUR/USD 4hr: revised trend lines:

EUR/JPY 4hr: ditto:

AUD/USD 4hr:

AUD/JPY 4hr: watch this if stocks start to pullback:

NZD/USD 4hr: revised trend lines here:

USD/JPY 4hr: still a bit of a bullish descending wedge here:

EUR/AUD 4hr: watch the 1.50 level for any new make or break:

EUR/NZD 4hr: watch the 1.60 for any new make or break:

CAD/JPY 4hr: watch today with CAD data:

USD/CAD 4hr: watch today with CAD data:

Commodities:

Gold 4hr: watch the trend lines here with NFP and as the US$ teeters above 92.50 support:

Oil 4hr: some 4hr trend lines here to watch:

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