EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 6, 2018

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Updated: Apr 6, 2018, 10:50 UTC

EUR/USD The pair broke lower and has not been able to climb back higher again for today but it is going to be a day of high volatility in the coming hours

USD/JPY Possibly Up to 107.20 if 106.60 Breaks

EUR/USD

The pair broke lower and has not been able to climb back higher again for today but it is going to be a day of high volatility in the coming hours as the traders and the market awaits the NFP data from the US later in the day. …Read More

GBP/USD

The GBPUSD pair has broken below the 1.40 region but it is not yet a clean break. This should give some hope for the bulls that they can regain back their dominant position as we head into the NFP data. …Read More

AUD/USD

The AUDUSD pair has been chopping around since the beginning of the week though the weakness in the pair is there for everyone to see. As we had into the NFP, more weakness may be just around the corner. …Read More

USD/JPY

The USDJPY pair has been rebounding over the last few days as it heads towards the important resistance region around 108. With the NFP also around the corner, it is going to be a pretty volatile time. …Read More

About the Author

Colin Firstauthor

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.