The recent drops in the U.S. dollar pushed the USD/CHF under the medium-term support line. This negative signal triggered further deterioration earlier today. How low could the exchange rate go in the coming days?

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Earlier today, the U.S. dollar moved higher against the yen, which took USD/JPY to the first resistance level. Will we see further improvement in the coming days?

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Earlier today, the Labor Department reported that the U.S. economy added 151,000 jobs in the previous month, while the U.S. unemployment rate slipped to 4.9% and average hourly earnings rose 0.5%. Thanks to these numbers, the USD Index reversed and came back above 97. What impact did it have on the euro?

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Yesterday, the USD Index declined sharply and reached the level of 97. With this downswing, the index dropped under the Dec lows, which encouraged currency bears to push the greenback lower earlier today. As a result, the U.S. dollar declined to an intraday low of 96.65. How did this sharp downward move affect our six currency pairs? Let’s examine charts and find out.

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Although today’s ADP report showed that the U.S. private sector added 205,000 jobs in the previous month (beating forecasts for an increase of 195,000), the USD Index declined sharply below the level of 98. What impact did this move have on the Euro, Swiss franc and Australian dollar?

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